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EUR/SEK: Targeting 10.60 in 3 months, 10.80 in 6 months – Danske Bank

The Riksbank decided to keep its policy rate unchanged at 0%. Strategists at Danske Bank analyze the reaction of the EUR/SEK and the outlook for the pair in the coming months.

Key quotes

“Improved global risk appetite rather than positioning for a hawkish Riksbank is the main reason why EUR/SEK has headed lower ahead of today’s rate decision.” 

“For EUR/SEK the decision was completely undramatic and the cross barely moved.” 

“EUR/SEK trades close to our mid-February 10.50 target and we stay neutral for now.”

“We still think the market may want to discount a higher probability for a rate cut going forward and therefore we see EUR/SEK as a buy on dips, targeting 10.60 in 3M and 10.80 in 6M.”

 

Portugal Consumer Price Index (MoM) came in at -0.8%, above expectations (-0.9%) in January

Portugal Consumer Price Index (MoM) came in at -0.8%, above expectations (-0.9%) in January
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AUD/USD consolidates daily gains below 0.6750

After closing the first two days of the week in the positive territory, the AUD/USD pair continues to push higher on Wednesday. As of writing, the pai
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