Free Trial

Nordea write that "an updated look at the.......>

SEK
SEK: Nordea write that "an updated look at the drivers of the SEK reveals that
i) Swedish growth outperformance vs the Euro-area will end, ii) the Riksbank
will decide to expand its balance sheet to pre-reinvest maturities in 2020, iii)
the Riksbank will also have to cancel its rate-hiking plans based on a weak
outlook for inflation, while iv) domestic and global risks remain tilted towards
the downside. All these factors speak against a significant recovery of the
krona, we therefore change our EUR/SEK forecast accordingly."
- Nordea lift their EUR/SEK forecast across their forecast horizon.
- 3-Month SEK10.70 (prev. SEK10.15)
- End 2019 SEK10.80 (prev. SEK10.00)
- Mid-2020 SEK10.60 (prev. SEK9.85)
- End 2020 SEK10.50 (prev. SEK9.70)
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.