EUR/SEK dips to fresh lows post-Riksbank, around 9.91

SEK strengthens to 9.8700 on Riksbank. Riksbank left rates intact at -0.50%. Inflation expectations remain unchanged. The Swedish Krona is picking up pace vs. its European peer on Wednesday, with EUR/SEK briefly testing multi-day lows in the 9.8700 region in the wake of the Riksbank’ ...

Riksbank expected to remain on hold – Danske Bank

quo at this week’s meeting. Key Quotes “An important week for the SEK with several important events piling up on Wednesday in particular and of which the most important of them all is the Riksbank’s rate decision”. “We expect the Riksbank to maintain its stance fro ...

EUR/SEK sticks to the bullish view – Danske Bank

The outlook on the cross remains bullish for the time being, noted FX Strategists at UOB Group. Key Quotes “We already have a bullish take on EUR/SEK based in part on a deflation story for the Swedish housing market, a story which has recently received extra fuel from another deflating asse ...

EUR/SEK still a ‘buy on dips’ – Danske Bank

Chief Analyst at Danske Bank Arne Rasmussen suggested any dips in the cross could be seen as buying opportunities. Key Quotes “Mr Ingves’ ’no-news’ comment on inflation being on target had no lasting impact on EUR/SEK. It was an overreaction, in our view, also because it i ...

SEK appears vulnerable to housing news – Danske Bank

The Swedish Krona is expected to come under pressure later in the week on news from the domestic housing sector, noted Mathias Mogensen, Analyst at Danske Bank. Key Quotes “EUR/SEK traded on a heavy note yesterday, which probably reflected broad-based euro weakness”. “As fo ...

SEK appears vulnerable to housing news – Danske Bank

The Swedish Krona is expected to come under pressure later in the week on news from the domestic housing sector, noted Mathias Mogensen, Analyst at Danske Bank. Key Quotes “EUR/SEK traded on a heavy note yesterday, which probably reflected broad-based euro weakness”. “As fo ...

SEK keeps the negative prospect – Danske Bank

Stefan Mellin, Senior Analyst at Danske Bank, sees the Swedish Krona losing momentum in the next months. Key Quotes “Key macro pillars for our bearish SEK view are (1) the inflation outlook, which is on a downward slope and below the Riksbank’s estimate, and (2) growth momentum, whic ...

SEK: Temporary rebound in the making? – Danske Bank

Senior Analyst, Kristoffer Kjær Lomholt at Danske Bank, explains that when closing the 2017 books for EUR/SEK, they note that (1) the cross moved sideways to slightly higher before the PPM and then dropping, which makes a normal year and (2) the cross had a good but not fantastic year. Ke ...

EUR/SEK eyes 9.30 in a year’s view – Danske Bank

Senior Analyst at Danske Bank Stefan Mellin expects the Swedish Krona to remain somewhat depressed in the next months. Key Quotes “The SEK is trading weaker than the Riksbank forecast, which may indicate the currency market is not positioned for any sudden hawkish shift in monetar ...

SEK: Looking for EUR/SEK to move back below 9.60 – ING

Analysts at ING suggest that despite the below-consensus Sep CPI and the subsequent SEK weakness, they don’t expect the SEK weakening trend to continue. Key Quotes “Look for EUR/SEK to drift below the 9.60 level this week. The negative SEK effect from the weak inflation data should b ...

EUR/SEK leaps to fresh tops near 9.5900

The Swedish Krona is rapidly losing ground vs. the single currency on Thursday, lifting EUR/SEK to fresh tops in the 9.5900 neighbourhood. EUR/SEK higher post-CPI SEK met a wave of selling orders after inflation figures in Sweden disappointed markets for the month of September. In fact, consume ...

EUR/SEK seen rangebound for the time being – Danske Bank

Mikael Milhoj, Senior Analyst at Danske Bank, believes the Swedish Krona should remain in a consolidative mode vs. its European peer in the near to medium term. Key Quotes “In Sweden, CPIF inflation is likely to be above 2% for the third consecutive month but we doubt it will have much effec ...

SEK: Reversal in EURSEK lower to continue – ING

Analysts at ING expect the downtrend in EUR/SEK to continue this week, with Swedish CPI (Thu) being the key driver for the cross. Key Quotes “Another push higher further above the 2% YoY target looks likely (CPIF expected at 2.5%YoY), SEK should benefit - particularly in the context of it ...

SEK: Upside risks? – Rabobank

Jane Foley, Senior FX Strategist at Rabobank notes that EUR/SEK has retraced all of the gains made on Friday on the news that the 12 year term of Riksbank Governor Ingves will be extended by another 5 years. Key Quotes “The short-lived sell off in the SEK to this news last week wa ...

EUR/SEK still seen within 9.45-9.65 range – Danske Bank

Chief Analyst at Danske Bank Jakob Christensen assessed the recent developments in the Riksbank. Key Quotes “EUR/SEK has dropped below 9.60 after the natural knee-jerk reaction to the decision to extend Stefan Ingves’ mandate. Before the decision, the monetary policy outlook wa ...