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On the back foot in early trade

SEK
  • Dividend season for the SEK, normally starts in April, but as local desk note, these can be from mid March to May.
  • These are set to weigh on the SEK.
  • Expectation are larger dividends for this year, and could keep the lid on the SEK, despite, most expecting the Swedish CB to turn hawkish.
  • 34bn are expected to be paid out this week, as per market source.

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