SEK trades broadly weaker after inflation data surprised sharply to the downside, analysts at TD Securities report. The EUR/SEK is sitting at 10.585. Key quotes “Inflation surprised sharply to the downside in January, with the headline CPIF measure falling to just 1.2% y/y and the core CPIF Ex-Energy measure slipping to 1.6% y/y. The Riksbank had been looking for 1.4% and 1.9%, respectively.” “With much of the recent data showing a deterioration in Sweden, this should cause some concern at the Riksbank, but their strong determination to stay out of negative interest rates will likely over-ride any short-term worsening of the data.” 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 Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. FXStreet News share Read Next G20 financial leaders to reaffirm exchange rate commitments – Reuters FX Street 2 years SEK trades broadly weaker after inflation data surprised sharply to the downside, analysts at TD Securities report. The EUR/SEK is sitting at 10.585. Key quotes “Inflation surprised sharply to the downside in January, with the headline CPIF measure falling to just 1.2% y/y and the core CPIF Ex-Energy measure slipping to 1.6% y/y. The Riksbank had been looking for 1.4% and 1.9%, respectively.” “With much of the recent data showing a deterioration in Sweden, this should cause some concern at the Riksbank, but their strong determination to stay out of negative interest rates will likely over-ride any short-term worsening of… 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.
