EUR/SEK set to gain as hawkish expectations on Riksbank may scale back in the coming weeks – ING EURSEK Ukraine Riksbank Banks
also been driven by a fierce hawkish re-pricing of Riksbank’s rate expectations. In the view of economists at ING, SEK's rally could pause soon.“While markets appear quite comfortable for now with their optimistic stance on an eventual military de-escalation in Ukraine, their hawkish pricing for multiple hikes in 2022 by the Riksbank may fail to be met by a similar hawkish tone from the Riksbank.
“In a still quite volatile environment for the pair, we think the risks are skewed to the upside for EUR/SEK as some hawkish expectations on Riksbank tightening may have to be scaled back in the coming weeks.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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