Free Trial

USD/SEK rate continues to advance and is........>

SEK
SEK: USD/SEK rate continues to advance and is sitting just shy of session highs
of SEK8.0915 at the time of writing. Inflation miss earlier this morning
triggered a wave of SEK weakness that has persisted throughout the US morning.
Citi's trade of the week suggestion, short USD/SEK initiated at SEK7.95, was
stopped out at SEK8.04 following the data. To the upside, the 50DMA at SEK8.1177
is the next target, with the Feb9 high just above there at SEK8.1579. The last
time USD/SEK topped the 50DMA was Dec25 last year. 

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.