SEK and NOK to gain against the euro this year

Author: Eamonn Sheridan | Category: News

A brief snippet via Capital Economics on the Swedish krona and the Norwegian krone 

Forecast both to appreciate against EUR in 2021
  • NOK to outdo SEK
  • NOK to benefit from oil demand increasing as coronavirus vaccinations are rolled out
  • NOK to benefit also from Norway’s central bank likely to be among the first to begin normalizing policy (prospect of monetary tightening should support the currency)
  • Sweden's central bank unlikely to begin hiking for several years

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