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SEK remains under pressure – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - Senior Analyst at Danske Bank Jens Pedersen has reiterated the likeliness of FX intervention by the Riksbank in case the krona continues to appreciate.

    Key Quotes

    EUR/SEK edged lower yesterday and we think the market will try to test the Riksbank’s commitment to prevent SEK strength after Governor Ingves’s warning ahead of the New Year”.

    “The trading range for the cross has clearly moved lower and although it is the pace rather than the level of krona strength that matters to the central bank, in our view, we are likely to be closing in on levels that would warrant more easing from an inflation point of view (clearly this is different from a growth perspective)”.
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