The Swedish Krona is expected to remain under pressure in the next weeks, according to Valtteri Ahti, Chief Strategist at Danske Bank. Key Quotes “EUR/SEK is trading close to our mid-November 10.40 target, but we still see upside risks dominating near term”. “Yesterday, Mr Löfven gave up his attempts to form a government. The speaker will now meet with the parties in gatherings, which will hopefully end with a proposal before the Riksdag in coming weeks. Sweden may have a new government this year if the positions are unlocked. However, the risk of a snap election is still real – a potential headwind for the krona”. “Through year-end, we expect the SEK to rebound as the Riksbank’s first hike in seven years draws closer. Today, we get wage data from the Mediation Office, which will be interesting but should not affect either the December decision nor be a market mover”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD surges to fresh weekly highs above 0.71 ahead of inflation data FX Street 4 years The Swedish Krona is expected to remain under pressure in the next weeks, according to Valtteri Ahti, Chief Strategist at Danske Bank. Key Quotes "EUR/SEK is trading close to our mid-November 10.40 target, but we still see upside risks dominating near term". "Yesterday, Mr Löfven gave up his attempts to form a government. The speaker will now meet with the parties in gatherings, which will hopefully end with a proposal before the Riksdag in coming weeks. Sweden may have a new government this year if the positions are unlocked. However, the risk of a snap election is still real -… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
