Volatility may be high ahead of long US weekend. Riksbank surprises with further 25 bp chop to rates – whither EURSEK? MAJOR HEADLINES – PREVIOUS SESSION Australia May Trade Balance fell to -556M vs. -125M expected and -282M expected Norway Jun. PMI out at 48.7 vs. 43.0 expected and 40.8 in May Sweden’s Riksbank cuts Interest rate 25 bps to 0.25% vs. no change expected Norway Jun. Unemployment Rate rose to 2.7% as expected, vs. 2.6% in May UK Jun. Construction PMI fell to 44.5 vs.
US Employment Report a slightly disappointing mixed bag
Volatility may be high ahead of long US weekend. Riksbank surprises with further 25 bp chop to rates – whither EURSEK? MAJOR HEADLINES – PREVIOUS SESSION Australia May Trade Balance fell to -556M vs. -125M expected and -282M expected Norway Jun. PMI out at 48.7 vs. 43.0 expected and 40.8 in May Sweden’s Riksbank cuts Interest rate 25 bps to 0.25% vs. no change expected Norway Jun. Unemployment Rate rose to 2.7% as expected, vs. 2.6% in May UK Jun. Construction PMI fell to 44.5 vs.