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Dovish Riksbank on the cards? – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Senior Analyst at Danske Bank Jens Pedersen sees the Swedish central bank delivering a dovish tone and lowering rates by 10 bp at today’s meeting.

    Key Quotes

    “In the Scandi FX markets it is all about the Riksbank today. We expect the Riksbank to cut interest rates by 10bp and to signal a very dovish stance”.

    “This could send EUR/SEK a little bit higher on the decision but we still believe that upside is limited and rallies should be short-lived”.

    “Hence, EUR/SEK above 9.50 is a selling opportunity in our view, and we still prefer to sell on rallies”.
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