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Extending gains ahead of Rate decision tomorrow

SEK
  • The SEK extends gains against the Dollar, now up 0.90%, and the best performer in G10 against the Greenback.
  • Initial support in USDSEK is at 10.50 but better is seen towards 10.4687.
  • Market participants await for the Riksbank rate decision tomorrow, when a 75bps hike to 2.5% is expected.
  • EURSEK is also down 0.70%.

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