SEK touches multi-decade lows against USD.....>

FOREX: SEK touches multi-decade lows against USD as Riksbank join chorus of

doves

-Another day, another G10 central bank joins the chorus of doves as the Riksbank

trampled on the projected repo rate path, extending the duration of negative

interest rate policy potentially until the end of the year. An accompanying

extension of their bond-buying program further helped depress the SEK which

sits, by a distance, at the bottom of the G10 pile today.

-King dollar is outperforming for a third consecutive session, helping prompt

fresh cycle lows against the EUR, AUD and others. This worked further against

the KRW, which touched multi-year lows for a second session as South Korean GDP

turned out the worst quarterly reading since the Global Financial Crisis. The

move in USD/KRW also prompted the usual talk of official intervention in the FX

rate.

-The Turkish central bank rate decision, US weekly jobless claims data and March

durable goods orders are the highlights on the calendar, with a speech from

ECB's de Guindos also due.