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Christin Tuxen, Chief Analyst at Danske Bank, noted the Swedish Krona could appreciate in the coming months.

Key Quotes

“Key for the SEK is Swedish August inflation numbers slightly higher than the Riksbank for CPIF and CPIF excluding energy alike. If correct, it could help EUR/SEK to rechallenge the 10.40 area, even though a lack of progress in forming a government still weighs on the SEK”.

“Looking further ahead, we are positive on the SEK, as we think inflation gains will help the Riksbank to go through with its first hike in seven years, most likely in December”.

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