SEK: Reversal in EUR\SEK lower to continue – ING

$SEK: Reversal in EUR\SEK lower to continue – ING$

Sandeep Kanihama FXStreet Contributor

Analysts at ING expect the downtrend in EUR/SEK to continue this week, with Swedish CPI (Thu) being the key driver for the cross.

Key Quotes

“Another push higher further above the 2% YoY target looks likely (CPIF expected at 2.5%YoY), SEK should benefit - particularly in the context of its still oversold levels.”

“While positive, the data-driven impact on the currency should be one-off as it is unlikely to affect Riksbank’s cautious monetary stance (under the re-appointed dovish Governor Ingves).”

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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