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Little reaction in SEK - we are biased to see EURSEK move higher

RIKSBANK
  • EURSEK back to marginally above prevailing levels ahead of the decision. As noted above, the rate path is marginally higher than analysts expected, but lower than the market-implied path. And the numerical guidance isn't as close to 3% as the statement suggests.
  • The tone of the press conference will be important here, but we would be biased to see EURSEK move higher rather than lower from here.

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