EUR/SEK: Swedish Krona's freefall may not stop just yet – ING EURSEK China Riksbank Banks
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.“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.”
“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.”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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