Free Trial

SEK extending gains and through initial small...>

SEK
SEK: SEK extending gains and through initial small support in EURSEK and USDSEK.
Scandie traders were seeing 10.68-10.72 short term range, but we are now
through.
The Hike expectation (mentioned on the open), seems to be the short term driver,
without forgetting that the "hope" of a Phase 1 trade deal, is putting some
positive impetus into the Swedish Krona. Also, helped by the Yuan bid in the
past few days.
EURSEK now targets 10.64 (should hold short term)

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.