EUR/SEK
EUR/SEK11.3383SEK
Today
-0.00%
1 Week
-0.85%
1 Month
-1.45%
6 Months
-0.85%
Year to Date
+2.17%
1 Year
-4.84%
Key Data Points
Opening Price
11.3245Previous Closing Price
11.3384EUR/SEK Trading Strategy
Trading Strategy
Our preference: the downside prevails as long as 11.3270 is resistance.
Alternative scenario
above 11.3270, look for 11.3570 and 11.3740.
Comment
the downside prevails as long as 11.3270 is resistance.
EUR/SEK News
SEK: Swedish inflation surprises on the downside – ING
Data released this morning show Swedish CPIF inflation declined to 1.2% versus a consensus of 1.4% in August, and core CPIF (excluding energy) was on consensus at 2.2%.
SEK: Time for stabilisation? – ING
Sweden released GDP figures this morning, which confirmed expectations for a QoQ contraction in the second quarter.
EUR/SEK drops to six-week lows following the Riksbank rate cut
The Swedish Krona (SEK) gathers extra pace and drags EUR/SEK to new multi-week lows near 11.3600 on Tuesday.
Will the Riksbank fall in line with market expectations? – Commerzbank
The general consensus is that the Riksbank will cut the key interest rate today by 25 basis points to 3.50%, After all, inflation is trending downwards, although the monthly changes in the core rate could fall a little more, Commerzbank’s FX Analyst Antje Praefcke notes Two or three more moves for the rest of the year “The economy is weakening and could be supported with interest rate cuts.
US rate environment can push EUR/SEK to the 11.30 area – ING
Today markets should see the Riksbank cutting rates by 25bp to 3.50%, ING’s FX strategist Chris Turner notes.
SEK: Another cut? – Rabobank
Having cut rates for the first time in about eight years in early May, the market is prepared for the Riksbank to announce another 25 bps of easing at tomorrow’s policy meeting.
