EUR/SEK: Krona’s near-term outlook stays grim – ING

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Losses within the Krona over the previous week have exceeded these of another G10 currencies. Economists at ING word that SEK restoration path stays very slender, and nearly absolutely depending on market dynamics.

It’s as much as the market to show the tide for the Krona

“The near-term outlook stays grim and it’ll nearly completely be as much as market dynamics to vary the tide for the Krona.”

“We predict EUR/SEK may commerce inside a risky 11.40/11.60 vary into and shortly after the 29 June Riksbank assembly.”

“The most effective information for SEK would in all probability be an upside shock in Might inflation numbers, that might assist the Riksbank sound extra hawkish.”