EUR/SEK advances to daily highs around 9.6400

The Swedish Krona is extending its bearish note during the second half of the week, today helping EUR/SEK to advance to daily highs in the 9.6400 neighbourhood.

EUR/SEK higher on Jansson’s comments

SEK is depreciating for the second session in a row today, this time in response to dovish comments from Riksbank’s Deputy Governor Per Jansson.

In fact, Jansson said the Riksbank can still intervene in the FX markets if needed and that a weak Krona for some tome could be beneficial for the domestic inflation. In addition, Jansson regarding as risky if the Nordic central bank were to end its bond purchase programme before the ECB.

In the meantime, the cross is advancing for the second consecutive session to the 9.6400 neighbourhood, trading close to fresh 2017 tops recorded in late April beyond the 9.6700 mark.

EUR/SEK levels to consider

As of writing the cross is up 0.03% at 9.6378 and a surpass of 9.6694 (high May 2) would aim for 9.6721 (2017 high Apr.21) and finally 9.8487 (high Dec.16 2016). On the other hand, the next support lines up at 9.6121 (20-day sma) followed by 9.6069 (200-day sma) and then 9.5448 (low Apr.26).