The Swedish election turned out to be a very close run between the ruling Social Democratic government and the right wing opposition, point out the research team at Danske Bank.
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“Hence, it is uncertain who will be the next prime minister in Sweden as the right wing opposition has a majority with the Swedish Democrats. However, both sides in the Swedish parliament have refused to work with the Swedish Democrats, so we have to wait and see for the final outcome of the election. The EUR/SEK has traded steadily during the Asian session.”
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