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SEK continues to underperform and sits bottom...>

SEK
SEK: SEK continues to underperform and sits bottom of the G10 pile this week
with losses of over 2% on extended react to yesterday's miss on CPI data and
less hawkish minutes which highlighted the fragmentation of views on the
Executive Board but on balance pushed back against the downward shift in market
rate expectations. Having previously closed above the 100-dma, EURSEK extends to
Sek10.3923 and holds firm at typing. The Jul2 high provides next resistance at
Sek10.4749.  

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