4 Feb 2016
SEK remains under pressure ahead of Riksbank – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Sverre Holbek believes the Swedish krona to remain vulnerable in light of the upcoming Riksbank meeting.
Key Quotes
“In Scandies, EUR/SEK remains bid where the market ignores strong Swedish data (January PMI Services rose to 59.3 from 58.0) and focuses on the risks of further Riksbank action”.
“We believe that 9.40 will hold in EUR/SEK ahead of the Riksbank meeting next Thursday but we should edge higher if the central bank cuts by 10bp as we expect up towards 9.50”.
Key Quotes
“In Scandies, EUR/SEK remains bid where the market ignores strong Swedish data (January PMI Services rose to 59.3 from 58.0) and focuses on the risks of further Riksbank action”.
“We believe that 9.40 will hold in EUR/SEK ahead of the Riksbank meeting next Thursday but we should edge higher if the central bank cuts by 10bp as we expect up towards 9.50”.