Clients are more bullish on the SEK than ever before reported in the FX Thermometer. Non-domestic players are relatively more bullish on the SEK, according to our survey.
Clients see EUR/NOK trading clearly lower in 3M compared to where it was trading during the first half of 2016. NOK/SEK seen trading close to parity in 3M.
USD bulls are still in command but under the surface, the survey shows some interesting developments. As many as 1/3 think the pair will rise in 3M. USD/SEK and USD/NOK to stay more or less unchanged.
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