Christin Tuxen, Chief Analyst at Danske Bank, noted the Swedish Krona could appreciate in the coming months.
“Key for the SEK is Swedish August inflation numbers slightly higher than the Riksbank for CPIF and CPIF excluding energy alike. If correct, it could help EUR/SEK to rechallenge the 10.40 area, even though a lack of progress in forming a government still weighs on the SEK”.
“Looking further ahead, we are positive on the SEK, as we think inflation gains will help the Riksbank to go through with its first hike in seven years, most likely in December”.
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 securities. 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 Forex 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.