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Swedish, Norwegian currencies seen stable vs euro in 2020

The Swedish and Norwegian currencies are expected to remain stable against the euro this year and strengthen moderately against the U.S. dollar, a Reuters poll of foreign exchange strategists has shown. Despite rising in value in November and December, the two currencies still missed analysts’ expectations in 2019, which had predicted that both would outperform the euro. Battered for much of last year by fears of a global economic downturn, sentiment turned more favourable for the two currencies in the final months as recession risks eased and the prospect of a hard Brexit faded. In 2020, the Swedish crown is predicted to stay at current levels of around 10.50 to the euro throughout the year, the median forecast showed, albeit with predictions ranging from 10.0 to 11.2 per euro.

- Reuters -

 

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