- Analytics
- News and Tools
- Market News
- EUR/SEK: Swedish Krona's freefall may not stop just yet – ING
EUR/SEK: Swedish Krona's freefall may not stop just yet – ING
EUR/SEK continues to move higher. It is hard to put a limit to the rally in EUR/SEK at this stage, in the view of economists at ING.
Hard to halt the freefall
“The risk-off wave coming from China puts European currencies in a vulnerable position and SEK remains the favourite short in the region given the Riksbank's unsupportive narrative and other domestic issues.”
“It's hard to put a limit to the rally in EUR/SEK at this stage. Another acceleration in the unsupportive environment for high-beta currencies could easily see the pair trade around 11.70-11.85 before the end of the week.”
“We’ll need to see whether the Riksbank will step in with some threats of FX intervention at one point, although the latest comments did not point in that direction.”
© 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
