SEK: Fading impact from the strong Swedish CPI – ING

Sandeep Kanihama FXStreet Contributor

Analysts at ING are looking for EUR/SEK to consolidate around the 9.55 level, with the cross unlikely to break below the 9.50 level.

Key Quotes

“This is because last week’s Swedish July CPI data only had a one-off impact on SEK, as the Riksbank is likely to look through the surprise upside. So a calm week on the Swedish data front - along with a cautious President Draghi in Jackson Hole - points to very limited moves in EUR/SEK.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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