Forex Flash: Strong Swedish PMI numbers has given SEK a bid - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that a strong PMI showing from Sweden (50.9 vs. 49.2) has given SEK a bit of a bid.

He writes, “With NOK looking too expensive and Norwegian data under-performing Sweden’s, NOK/SEK remains in a downtrend and USD/NOK is closing in on its 200-day moving average at 5.77.