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SEK stronger ahead of Riksbank – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Jens Sorensen, Chief Analyst at Danske Bank, sees the SEK picking up pace in light of the Riksbank meeting next week.

    Key Quotes

    “Yesterday EUR/SEK tested lower levels ahead of the low from 30 December and support level at 9.1220”.

    “In our view, the downward pressure on EUR/SEK will remain ahead of the Riksbank meeting on 21 April where we expect it to stay put”.

    “Further out, a Brexit is a risk for both the SEK and NOK as such an event is likely to trigger a substantial risk reduction across European assets from non-European investors”.
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