Arne Rasmussen, Head of FI Research at Danske Bank, gives his views on the Krona and the Riksbank. Key Quotes “The SEK was under pressure at the start of the week on the back of souring global risk sentiment, and EUR/SEK has retraced some 50% of the recent descent from 10.70 to 10.10. However, Swedish data has been relatively resilient and headline inflation Riksbank-friendly, so that is not the reason for the SEK sell-off”. “Our short-term rates models suggest the fair value is around 10.25 and near term, EUR/SEK will be in the hands of risk appetite, albeit focus will soon turn to the Riksbank meeting next week”. “We expect an unchanged repo rate path for now and a signal of a Q4 rate hike (currently the market is pricing in 10bp before year-end), which may give some support to the SEK. However, the Riksbank will probably avoid giving a too hawkish impression and thereby keeping premature SEK appreciation at bay”. 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 Ethereum Classic price analysis: ETCUSD made it above $15.00, bulls set eyes at $16.00 FX Street 3 years Arne Rasmussen, Head of FI Research at Danske Bank, gives his views on the Krona and the Riksbank. Key Quotes "The SEK was under pressure at the start of the week on the back of souring global risk sentiment, and EUR/SEK has retraced some 50% of the recent descent from 10.70 to 10.10. However, Swedish data has been relatively resilient and headline inflation Riksbank-friendly, so that is not the reason for the SEK sell-off". "Our short-term rates models suggest the fair value is around 10.25 and near term, EUR/SEK will be in the hands of risk appetite, albeit focus will… Top 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.
