MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

CHINA PBOC CONDUCTS CNY59 BILLION VIA 7-DAY REVERSE REPOS FRI

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SCANDIS: NOK and SEK Off Weakest Levels But Remain G10 Underperformers

SCANDIS
CEEMEASwedenBulletNorwayGlobalForeign Exchange BulletsRegion

Scandi currencies have edged away from weakest levels against the EUR and USD, though continue to underperform the G10 basket.

  • Today’s moves remain a function of this morning’s global systems outages, and the subsequent impact on risk sentiment.
  • EURNOK is 0.35% higher today, sitting just above trendline resistance at 11.8158. This trendline, drawn from the May 2023 high, contained upside on Tuesday.  Key resistance in EURNOK remains the May 1 and YtD high at 11.8733.
  • This week’s Scandinavian calendar has been sparse, with data releases picking up a little next week with Swedish PPI/unemployment and Norwegian retail sales.
95 words

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.

Scandi currencies have edged away from weakest levels against the EUR and USD, though continue to underperform the G10 basket.

  • Today’s moves remain a function of this morning’s global systems outages, and the subsequent impact on risk sentiment.
  • EURNOK is 0.35% higher today, sitting just above trendline resistance at 11.8158. This trendline, drawn from the May 2023 high, contained upside on Tuesday.  Key resistance in EURNOK remains the May 1 and YtD high at 11.8733.
  • This week’s Scandinavian calendar has been sparse, with data releases picking up a little next week with Swedish PPI/unemployment and Norwegian retail sales.