Which Nordic currency is heading south?

摘要

What is the best forex combination out of the 11 most liquid currencies as far as currency performance so far this year? Back in May, we picked long Aussie, short Swedish Krona as our favourite trade. Eight weeks later, the trade was up 13% year-to-date. The rationale was based on an inevitable Riksbank easing and Aussie rebound as the Royal Bank of Australia (RBA) gave up on talking down the currency. Both of those events materialised as the Riksbank delivered its shock rate cut while the RBA kept its hands off the rebounding Aussie. So what's next for these Nordic currencies?