EUR/SEK set to move back toward 2021 lows amid hawkish Riksbank – CIBC
|The Swedish krona has proven to be the weakest performing major versus both the US dollar and the euro in the first quarter. But as rates are set to rise, economists at CIBC Capital Markets expect the EUR/SEK pair to trade back towards 2021 lows into the second half of the year.
SEK set for liftoff as Riksbank hike expectations rise
“Should CPI remain elevated and external risks moderate we would expect the market to increasingly price in a hawkish Riksbank bias, validating our positive SEK outlook.”
“We anticipate EUR/SEK trading back towards 2021 lows into H2 2022.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.