Home EUR/SEK faces upside risks near term – Danske Bank

EUR/SEK faces upside risks near term – Danske Bank

Updated: 6 Nov. 2018 | 12:19

Morten Helt, Senior Analyst at Danske Bank, noted the Swedish Krona could depreciate further in the next months.

Key Quotes

“In the Scandi sphere, given the current spot and volatility levels in EUR/SEK and not least the highly uncertain political situation in Sweden, we see risks of a near-term spike in EUR/SEK”.

“We recommended to buy a 2M EUR/SEK call spread as a potential new election combined with an already relatively aggressive pricing of a Riksbank rate hike in December could open up for a very messy period for the SEK towards year-end”.

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