Back
22 Nov 2013
Flash: Strong IFO to support EUR/USD - Danske Bank
FXstreet.com (Barcelona) - Danske Bank strategists note that today, they expect a relatively strong IFO, which might short term add some support to EUR/USD.
Key Quotes
“However, ECB is on an easing path and it will in that context be quite interesting to hear the many ECB speeches today.”
In Scandinavia NOK/SEK continues to edge higher. We believe the cross has more upside ahead of Swedish GDP next week and not least the monetary policy meetings in December in Norges Bank and the Riksbank.”
“In our view monetary policy is on a divergent path in Scandinavia. Rate cut in Sweden and unchanged rates in Norway.”
Key Quotes
“However, ECB is on an easing path and it will in that context be quite interesting to hear the many ECB speeches today.”
In Scandinavia NOK/SEK continues to edge higher. We believe the cross has more upside ahead of Swedish GDP next week and not least the monetary policy meetings in December in Norges Bank and the Riksbank.”
“In our view monetary policy is on a divergent path in Scandinavia. Rate cut in Sweden and unchanged rates in Norway.”