EUR/SEK risks further decline – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Sverre Holbek, Senior Analyst at Danske Bank, believes the cross could head lower in the next periods.

    Key Quotes

    “The news out on Friday from the wage negotiations in Sweden on Thursday last week has provided a temporary floor in EUR/SEK”.

    “This is in line with our view that the wage settlement will prove too low for the Riksbank and it will be forced to do more, most likely by enacting more QE in April”.

    EUR/SEK is caught in a 9.10-9.50 range in our view, albeit risks are skewed to the downside”.
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