30 Apr 2015
EUR/SEK points to range bound near term – Danske Bank
FXStreet (Edinburgh) - According to Senior Analyst Pernille Nielsen at Danske Bank, the cross could extend its consolidative pattern for the time being.
Key Quotes
“In the Scandi FX sphere, the market will likely digest yesterday’s monetary announcement, which sent EUR/SEK below 9.30”.
“Fundamentally, we still expect EUR/SEK to remain trapped between the ECB and the Riksbank”.
“Hence, we still expect the cross to range trade in the coming months and would expect the Riksbank to react if EUR/SEK falls further”.
Key Quotes
“In the Scandi FX sphere, the market will likely digest yesterday’s monetary announcement, which sent EUR/SEK below 9.30”.
“Fundamentally, we still expect EUR/SEK to remain trapped between the ECB and the Riksbank”.
“Hence, we still expect the cross to range trade in the coming months and would expect the Riksbank to react if EUR/SEK falls further”.