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NOK/SEK could hit 1.14 in 1m view – Danske Bank

FXStreet (Edinburgh) - Allan von Mehren, Chief Analyst at Danske Bank, sees the Nordic cross reaching the 1.14 level in the near term.

Key Quotes

“In the Scandies, the focus this week is on the August CPI data”.

“We expect Norwegian core CPI, due on Wednesday, to come out in line with consensus expectations, whereas Sweden’s CPI is likely to come out below expectations”.

“We expect EUR/NOK to trade with a heavy tone above 8.10 in the coming weeks, whereas EUR/SEK will pause ahead of the Swedish election on 14 September”.

“We continue to target NOK/SEK to reach 1.14 in one month”.

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