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Jakob Christensen, Chief Analyst at Danske Bank, noted the upcoming CPI figures (Thursday) should be key for the Swedish Krona.

Key Quotes

For the SEK, besides some Italian contagion, the krona is now awaiting Thursday’s inflation numbers”.

“Our estimates are somewhat below both those of the Riksbank and consensus, so if we are right, we expect to see a break of 10.50, as it would challenge the Riksbank hike plans”.

“Today, a couple of speeches from Riksbank governors are scheduled, where in particular we would look for any comments on how tolerant Board members are to inflation misses. On a separate note, we expect Ulf Kristersson to shed some light on how things are proceeding with government formation today”.