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Results: listing 1 - 6 of 208 for “Exchanges Rates(Macro)”

Macro Comment Sweden — The krona has weakened, but it is not particularly weak

As the krona plunged to its weakest since the financial crisis, the exchange rate debate quickly spiralled. Media stories discussed the role of the Riksbank's monetary policy, how general risk aversion is hitting small open economies and how global uncertainty is high. But the debate has not stopped there: hypothe-ses are being treated as truths and remain unchallenged. What if the krona has weakened but should not be regarded to be particularly weak? After revisiting the fundamentals behind exchange rate trends and discussing the statistical pitfalls of comparing price data in different countries, we conclude that a signifi-cant part of the trend-weakening of the krona over the past decade can be explained by inflation rising faster in Sweden. As a consequence, the krona's undervaluation is not as sizeable as many have argued and our new fair value assessments are for a weaker krona than we previously estimated.

Anders Bergvall, Senior Economist | anbe83@handelsbanken.se

Danish Comment — Danske nøgletal - uge 6: Nationalbanken ventes at have interveneret (lidt) igen

  1. Valutareserven ventes at være faldet med ca. 4 mia. kr. i januar som følge af fortsat - om end mere begrænset - intervention fra Nationalbanken
  2. Industriproduktionen ventes at være faldet med 1,5% m/m i december
  3. Vareeksporten ventes at være faldet med 2% m/m i december, mens vi venter en lille stigning i importen

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Danish Comment — Danske nøgletal - uge 49: Ingen intervention, lejligheder under pres og fald i industriproduktion

  1. Der er stadig ikke tegn på at Nationalbanken har interveneret, så valutareserven ses uændret i november
  2. Torsdagens og fredagens boligstatistik ventes at vise færre handler, større udbud og lavere prisvækst for lejlighedsmarkedet
  3. Fredagens tal for industriproduktionen ventes at vise et nyt fald på 1,0% m/m i oktober

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Danish Comment — Danske nøgletal - uge 40: Nationalbanken holder krudtet tørt

  1. Valutareserven ventes omtrent uændret i september, når tallet offentliggøres tirsdag, trods den fortsat lidt svage krone over for EUR
  2. Onsdagens ejendomsstatistik for juli ventes at vise en fortsat tendens til en opbremsning i aktiviteten på lejlighedsmarkedet
  3. Fredagens tal for industriproduktionen ventes at vise en flad udvikling i august

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Danish Comment — Danske nøgletal - uge 36: Fokus på Nationalbanken

  1. Mandagens tal ventes at vise en uændret valutareserve i august, selv om kronen er blevet svækket over for EUR
  2. Onsdagens boligpriser for juni ventes at vise en fortsat tendens til opbremsning i prisudviklingen på især lejlighedsmarkedet
  3. Fredagens tal for industriproduktionen ventes at vise en stigning på 1,0% m/m i juli

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk

Fast Comment US — 'Whoop, whoop' goes the labour market

  1. Payrolls up by 223,000 persons in May, above expectations
  2. Unemployment rate falls to 3.8 percent, the lowest since 1969
  3. Fed on track to raise rates in June despite any trade war worries

Jes Asmussen, Chief Economist Denmark | jeas01@handelsbanken.dk