- Analytics
- News and Tools
- Market News
- EUR/SEK: The current krona losses are once again excessive – Commerzbank
EUR/SEK: The current krona losses are once again excessive – Commerzbank
The Swedish krona is unable to escape recession fears. But in the view of economists at Commerzbank, the EUR/SEK pair should move back down to the 10.35 area.
Riksbank is turning into a hawk
“EUR/SEK is once again trading above 10.70. However, I urge caution in this context as the ECB will have to meet the market expectations this week, as otherwise there is potential for a correction in the euro.”
“The Riksbank expects interest rates to peak at 2% in mid-2023. I assume that it will hike its key rate by 75bp on 20th September and raise its rate path. Moreover, it is likely to continue sounding hawkish. As a result, the Riksbank should then be on a par with the ECB.”
“If market sentiment has also improved at that point there is nothing preventing EUR/SEK exchange rates in the area of 10.35 any longer so I stick to my view that the current SEK losses are once again excessive.”
© 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
