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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. 
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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