EUR/SEK to tick modestly lower medium-term – Rabobank
24.09.2024, 11:44

EUR/SEK to tick modestly lower medium-term – Rabobank

The Bloomberg survey indicates a unanimous expectation among surveyed economists for a 25 bp rate reduction from the Riksbank at tomorrow’s policy meeting. The Reuters survey suggests that the consensus also favours an additional two more 25 bps moves before the end of the year, Rabobank’s Senior FX Strategist Jane Foley notes.

SEK appears cheap

“The combination of stimulus from both monetary and fiscal policy has had a clear impact on confidence levels. Although the Swedish economy has been stagnating for several quarters, consumer confidence has been trending higher from its low in late 2022. This week’s release is expected to show another incremental improvement.”

“It is hoped that this will be reflected in forthcoming retail sales data. In July retail sales rose 0.5% m/m, compared to a drop of -0.8% m/m in June. Other data are also showing signs of improvement. Sweden’s manufacturing PMI release rose to a better than expected 52.7 in August, suggesting that signs of recovery were broadening.”

“Surveys are also showing signs of optimism regarding the outlook for prices in the hard-hit property sector which are stemming from hopes of lower mortgage rates. That said elevated levels of housing supply are likely to dampen the recovery. From a historical basis the SEK appears cheap. Based on Sweden’s improving economic outlook we expect EUR/SEK to tick modestly lower medium-term despite the dovishness of the Riksbank.”

© 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