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- EUR/SEK to tick down towards 10.10 on hawkish Riksbank – Danske Bank
EUR/SEK to tick down towards 10.10 on hawkish Riksbank – Danske Bank
Analysts at Danske Bank revise their forecast for EUR/SEK lower on the outlook for Riksbank rate hikes and now expect a move to 10.10 in six months.
Krona supported by hawkish shift from Riksbank
“We expect the Riksbank to deliver two rate hikes this year (Sep, Nov) and a third (final one) in Feb 2023 – moving before ECB. Market pricing is fairly in line with our call for 2022, but further upside in the short end is still possible.”
“We revise our EUR/SEK forecasts now expecting the cross to move down to 10.10 in six months.”
“We expect the cross to move back towards 10.20 in 12 months, as the Riksbank ends its hiking cycle and slower global growth start weighing on SEK.”
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