Traders pile into Scandinavian currencies in ‘euro on steroids’ bet

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Financial Times 2d ago

Traders pile into Scandinavian currencies in ‘euro on steroids’ bet - Financial Times

Quick Summary:

The lightning rally in the currencies has also been helped by a broad weakening in the dollar as investor concerns have grown that Trump’s aggressive trade tariff plans could harm the US economy.

BofA expects the Swedish and Norwegian economies to grow 1.8 per cent and 1.5 per cent next year respectively, compared with 1.1 per cent for the Eurozone.

In contrast, only one cut is fully priced in, with a chance of a second, for Norway’s Norges Bank, while Sweden’s Riksbank is not expected to reduce rates at all this year.