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ECB pin action prompts more easing by Sweden's Riksbank, EUR/SEK bulls unimpressed

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 28, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Beyond the obvious negative impact on the euro last week, last Thursday’s ECB meeting and press conference is also having a “pin action” effect on Europe-dependent countries. Earlier today, Sweden’s Riksbank announced its most recent monetary policy decision. While the central bank left its main interest rate unchanged at -0.35%, it did opt to expand its bond buying program by 65B krone to 200B and extend its expiration by 6 months until June 2016. In the accompanying statement, the Riksbank

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