SEK remains under pressure ahead of elections – Danske Bank

Chief Analyst at Danske Bank Jens Sorensen assessed the recent performance of SEK and NOK.

Key Quotes

“In Scandies, the relentless selloff in the SEK continued on Tuesday with EUR/SEK posting its highest level since the financial crisis”.

“As we wrote on Monday, although our 10.60 target has been reached (and breached), upside potential in the cross remains, given that upcoming event risks, the Riksbank and the election, are still looming”.

“NOK was in the same boat as SEK as EUR/NOK posted the highest reading since January at 9.78”.