“The SEK will be in the spotlight today due to the Riksbank’s non-policy meeting“.
“The new Riksbank will likely act given the latest very disappointing inflation print: we expect a 10bp rate cut”.
“Importantly, however, we see a considerable risk of a larger cut (i.e. 25bp) and we therefore regard risks as skewed towards a weaker SEK today”.
“We still expect EUR/SEK to be locked in a range for most of the year with the upside capped by relative fundamentals, ECB QE and the downside protected by the Riksbank”.
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.