EUR/SEK: Only next year should the Krona be able to appreciate again – Commerzbank

FXStreet Insights Team FXStreet

Economists at Commerzbank do not see much upward potential for the Swedish Krona until the end of the year.

No more upside potential for the time being

Although the Riksbank raised the key interest rate in June, it is not acting decisively enough against inflation risks compared to the European Central Bank. Therefore, the SEK will probably not have much upside potential this year.

Only next year, when the tide turns in favour of the Riksbank, should the Krona appreciate again.

Source: Commerzbank Research

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