Analysts at TD Securities note that the Riksbank left its policy rate on hold at -0.25%, but appears to be determined to raise rates out of negative territory in December. Key Quotes “As a result, we’ve had a change in view and now look for a single rate hike in December to 0.00% before pivoting to neutral.” “The Norges Bank left its policy rate on hold, but did note that, “the weak krone may result in higher inflation ahead.” So the currency will be something to watch heading into the next MPR in December.” “FX: Looking forward, our focus remains on upside risks for EURSEK as bigger-picture macro risks remain to the downside. With short-SEK positioning cleaner, we expect the uptrend in both EURSEK and NOKSEK to continue. At the same time we think a more-constructive NOK tone could emerge more broadly as its recent weakness looks overdone.” 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 EUR/JPY Technical Analysis: Further upside stays capped by the 121.50 region FX Street 3 years Analysts at TD Securities note that the Riksbank left its policy rate on hold at -0.25%, but appears to be determined to raise rates out of negative territory in December. Key Quotes "As a result, we've had a change in view and now look for a single rate hike in December to 0.00% before pivoting to neutral." "The Norges Bank left its policy rate on hold, but did note that, "the weak krone may result in higher inflation ahead." So the currency will be something to watch heading into the next MPR in December." "FX: Looking forward, our focus remains… 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.
