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Morgan Stanley recommend selling EUR/SEK...>

EURO-SEK
EURO-SEK: Morgan Stanley recommend selling EUR/SEK at SEK10.54, with a target of
SEK10.00 and a stop at SEK10.65.
- Morgan Stanley "position for a rebound in global data fueled in part by
Chinese stimulus spending materializing in domestic data and trade-sensitive
currencies like SEK. As global trade rises, growth and inflation pressures on
the Riksbank will rise along with local real yields. The exhibit shows that
business sentiment in Sweden outpaces confidence in Germany, and the SEK should
react more vigorously to a global economic pickup than the EUR. The key risks to
this trade is disappointing Swedish inflation and/or US-EU trade tensions."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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