9 Mar 2015
EUR/SEK still targets 9.30 medium term – Danske Bank
FXStreet (Edinburgh) - Lars Christensen, Chief Analyst at Danske Bank, keeps the bullish view in the cross, backed by a potential further easing by the Riksbank.
Key Quotes
“In the Scandies, EUR/SEK continues to trade with a heavy tone as the market re-prices Sweden”.
“The fundamental outlook for the SEK has improved substantially but we think the risk is increasing of a correction in EUR/SEK up towards 9.30 as the market should not rule out action from the Riksbank on SEK strength or new softness in data”.
“This week, the main data to focus on are the Prospera inflation survey and February CPI data due on Wednesday”.
Key Quotes
“In the Scandies, EUR/SEK continues to trade with a heavy tone as the market re-prices Sweden”.
“The fundamental outlook for the SEK has improved substantially but we think the risk is increasing of a correction in EUR/SEK up towards 9.30 as the market should not rule out action from the Riksbank on SEK strength or new softness in data”.
“This week, the main data to focus on are the Prospera inflation survey and February CPI data due on Wednesday”.