- Analytics
- News and Tools
- Market News
- EUR/SEK to stage a sideways move for the foreseeable future – Commerzbank
EUR/SEK to stage a sideways move for the foreseeable future – Commerzbank
A swing by the Riksbank toward a more restrictive stance in April is overdue. The krona has appreciated in line with the restrictive comments from Executive Board members that this is finally likely to come. This means that a lot has already been priced in. Therefore, the krona does not have much more upside potential, economists at Commerzbank report.
U-turn of the Riksbank overdue
“A U-turn of the Riksbank is overdue, considering inflationary risks, and should come in April. With more and more Executive Board members signaling this move, the krona has appreciated. However, this should also mean that a lot has already been priced in and that the krona doesn't have much more upside potential, especially since the ECB is also likely to raise the key rate in autumn.”
“EUR/SEK is likely to move sideways for the foreseeable future. Only next year, when the ECB will end its interest rate cycle again, but the Riksbank will likely continue with gradual interest rate hikes, should the SEK be able to appreciate somewhat again.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
