Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI Research
- About Us
EURO-SEK: Weaker than expected CPI with the headline number remaining at 2.3%Y/Y
(exp to rise by 0.1% to 2.4%) and CPIF falling to 2.4% Y/Y from 2.5% (exp to
rise by 0.1% to 2.6%). This will be a key piece of information for the Riksbank
ahead of their decision over whether to hike in Dec or Feb. EURSEK back to
challenging the 10.2855 level. It is worth noting that we will receive the Nov
print of CPI on Dec12 ahead of the Riksbank decision on Dec 20. With lots of
sell side citing short EURSEK recommendation (following our call for EURSEK
lower on Thurs last week), this could well see a pause in bullish SEK moves in
the short-term. If we remain below 10.30 and the 200-dma at 10.3162, EURSEK
downside pressures should remain.