The measures proposed by the Riksbank yesterday could be perceived as relatively neutral for the SEK, since it left the repo rate unchanged for now, in the opinion of analysts at Danske Bank. EUR/SEK trades at 10.934. Key quotes “The Riksbank is set to expand QE with up to SEK300bn in 2020. It will also offer weekly 3M liquidity operations at the repo rate plus 20bp with full allotment and the o/n lending rate is lowered from 75bp above the repo rate to 20bp above.” “We still think it will have to cut the repo rate below zero and consider that to be a headwind for the SEK.” “We stay negative on the SEK, seeing 10.00 in USD/SEK and 11.00 in EUR/SEK as surmountable should risk sentiment remain sour.” 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 GBP/USD reverses a dip to sub-1.2200 levels, fresh 5-month lows ahead of UK jobs data FX Street 2 years The measures proposed by the Riksbank yesterday could be perceived as relatively neutral for the SEK, since it left the repo rate unchanged for now, in the opinion of analysts at Danske Bank. EUR/SEK trades at 10.934. Key quotes “The Riksbank is set to expand QE with up to SEK300bn in 2020. It will also offer weekly 3M liquidity operations at the repo rate plus 20bp with full allotment and the o/n lending rate is lowered from 75bp above the repo rate to 20bp above.” “We still think it will have to cut the repo rate below zero and consider… Regulated 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.
