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Riksbank hiked 25bp (market had been.......>

RIKSBANK
RIKSBANK: Riksbank hiked 25bp (market had been pricing roughly 40% prob of
hike). No chance of a hike in Feb according to the projections with the next
hike likely in Q3/Q4 before 2 hikes per year in 2020 and 2021. This is down from
2.5 hikes in 2020 and 2.5 hikes in 2021 in the Oct projections. 
- SEK has rebounded from some of the original strength on the back of this
downgrade to the rate path and this is a fairly dovish hike. We would not bve
surprised if EURSEK rose back to close to the 200-dma at 10.3475.

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