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On Thursday SEB noted that "looking at.....>

EURO-SEK
EURO-SEK: On Thursday SEB noted that "looking at different positioning
indicators for EUR/SEK we conclude that it seems to be trading in rather "thin
air" at the moment. Our broad client-based index shows that EUR/SEK is stretched
on the upside and currently supported mostly by trend-followers. Hedge fund
indications are a bit mixed showing either that they have already begun to scale
down a large long EUR/SEK position or that the long EUR/SEK positioning has
become stretched and is thus vulnerable to a downward correction."
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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