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Remains Mixed vs G10 As Flodén Speech Provides Little New Info

SEK

Headlines on wires from Riksbank's Flodén contained little new information for the November policy outlook, with the October inflation print next Tuesday remaining the key focus for SEK-watchers. The November 23 decision remains finely balanced after higher-than-expected September CPI clashed with stagnant Q3 GDP.

  • SEK continues to outperform NOK as Brent futures sit almost 3% lower on the day, with NOKSEK around 1% lower and still eyeing the March 21 low of 0.9725 flagged earlier.
  • Governor Thedéen will speak on the 2023H2 Financial Stability Report on Thursday afternoon (the report is released in the morning), before consumption/production data for September is released on Friday.

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