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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.
RIKSBANK
The Riksbank have completed their FX hedging programme in just over 5-months, with USD8bln and E2bln of reserves hedged overall. When initially announced, they had expected the programme to take 4 to 6-months to complete (from W/C Sep 25).
- Some analysts had speculated that the Riksbank may extend the programme ahead of last week's monetary policy meeting, but Governor Thedéen pushed back, stating that there were no such plans at this stage.
- Overall, the sales have not been material enough to prompt significant movements in the SEK, with global risk appetite the primary driver of the currency's movements in the last few months. USDSEK moved a few ticks higher following the release, but remains comfortably within today's range.
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.
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