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EUR/SEK poised for consolidation near-term – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - According to Sverre Holbek, Senior Analyst at Danske Bank, the cross would keep the sideline pattern in the next periods.

    Key Quotes

    EUR/SEK traded higher on Tuesday as the market appears to be increasingly concerned about further Riksbank action ahead of the Riksbank meeting on 11 February”.

    “The market is now pricing in around 13bp of rate cuts by May”.

    “We see EUR/SEK as stuck in a 9.10- 9.50 range where we would expect selling interests to emerge from foreign market participants around 9.40”.
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