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Piet Christensen, Senior Analyst at Danske Bank, noted the influence of domestic politics on the prospects for SEK.

Key Quotes

EUR/SEK is trading north amid continued political turmoil in Sweden and USD/SEK breaching above 9.00 again”.

“With Kristersson trying to form a government and with ‘trench warfare’, the political risk premium in the SEK could rise further in the near term”.

“Things are likely to become clearer in the coming week regarding the PM vote and budget support”.