Free Trial

NOK Softens As Oil Unwinds Risk Premium; Riksbank Speak Highlights This Week

SCANDIS

NOK is pressured this morning following the unwind of some of oil’s geopolitical risk premium.

  • NOKSEK remains comfortably within Friday’s range though, currently 0.4% lower today.
  • A reminder that the cross’ Friday rally was also supported by the lower-than-expected Swedish March CPI print, which further increased expectations for a May Riksbank cut.
  • With this week’s Swedish/Norwegian data calendar very limited, Riksbank-speak will be most eagerly watched alongside wider global matters, not least following the latest Swedish inflation developments.
  • Today, Riksbank Governor Thedéen and First Deputy Governor Breman attend the IMF Spring Meetings, though no official remarks are scheduled at this stage.
  • Later this week sees scheduled appearances from Board members Floden, Bunge and Jansson.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.