SEK: Another cut? – Rabobank
19.08.2024, 14:52

SEK: Another cut? – Rabobank

Having cut rates for the first time in about eight years in early May, the market is prepared for the Riksbank to announce another 25 bps of easing at tomorrow’s policy meeting. The results of the Bloomberg survey of economists show that this expectation is unanimous amongst the nineteen participants, Senior FX Strategist Jane Foley notes.

EUR/SEK is currently trading close to its average level

“Rate cut hopes have been cemented both by the outcome of last week’s Swedish CPI inflation report and by the guidance provided by the Riksbank at its last policy meeting in June. EUR/SEK is currently trading close to its average level for the past year. That said, although the SEK has clawed back some ground vs. the EUR relative to its Sept 2023 low, it remains weak when viewed from a historical perspective.”

“The softness of the exchange rate means that policymakers are likely keeping a close eye on the probable policy decisions by both the ECB and the Fed this year and their respective impacts on the FX market. In our view, the vulnerability of the SEK limits the likelihood of the Riksbank announcing a 50-bps rate cut this week.”

“In view of the risk that the pace of Riksbank rate cuts could front run those of the ECB through the remainder of the year, we have lifted our 3-month EUR/SEK forecast to 11.50 from 11.20.  We still expect some moderate appreciation of the SEK vs. the EUR next year on the assumption that lower Riksbank policy rates help stimulate the economy.”

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik