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SEK remains under pressure ahead of Riksbank – Danske Bank

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - Senior Analyst at Danske Bank Sverre Holbek believes the Swedish krona to remain vulnerable in light of the upcoming Riksbank meeting.

    Key Quotes

    “In Scandies, EUR/SEK remains bid where the market ignores strong Swedish data (January PMI Services rose to 59.3 from 58.0) and focuses on the risks of further Riksbank action”.

    “We believe that 9.40 will hold in EUR/SEK ahead of the Riksbank meeting next Thursday but we should edge higher if the central bank cuts by 10bp as we expect up towards 9.50”.
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