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Now down 1.08% versus the Dollar

SEK

SEK is now down some 1.08% against the Dollar.

  • Continuation weakness for the Scandi, as noted earlier, after report that the Riksbank will be replacing external financing of the FX reserve by purchasing foreign currencies.
  • USDSEK is through the January high and now targets the more important 50d MA situated today at 8.4220.
  • USDSEK is 8.3330

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