Free Trial

- As a base case expect the next hike to...>

RIKSBANK
RIKSBANK: - As a base case expect the next hike to be pushed back around a
quarter. However, we find it hard to see the Riksbank push back hikes further
than this and so there may be better risk/reward to position for a more hawkish
outcome. - We note that markets are probably positioned for an even more dovish
outlook, however, with hikes pushed back a quarter probably not enough to be
seen as a dovish surprise and may even see SEK rally a little. An unchanged rate
path would see SEK rally back towards the 200-dma and key resistance around
10.61. Hikes pushed towards the end of 2020 would see EURSEK likely dragged back
towards its recent highs with a target of 10.90 or above. (2/2)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.