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EUR/SEK: consolidation is more likely – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Analysts at Danske Bank expect the cross to remain within 9.10-9.50 in the medium term.

    Key Quotes

    “The Riksbank cut the repo rate to -0.50% and flattened the repo rate forecast especially longer out. It stands ready to do more. This was more or less as expected, although the cut was slightly bigger than we and the market had thought”.

    “The decision sent EUR/SEK sharply higher. In our view the move higher is overdone”.

    “We continue to think that 9.10-9.50 represents a fair range for EUR/SEK over the next couple of months. We continue to forecast EUR/SEK at 9.30 in 1-3M”.
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