EUR/SEK: A return to 11.10+ is a tangible possibility in the coming weeks – ING EURSEK Sweden Inflation Riksbank Banks
“The second print of fourth-quarter data showed a larger contraction than previously estimated . Although this is clearly backward-looking data, the ongoing tightening by the Riksbank, a very fragile housing market and high inflation continue to point to a rather grim economic“We see the recent good performance of SEK as unsustainable unless data start pointing at an improvement in the growth outlook. A return to 11.10+ in EUR/SEK is a tangible possibility in the coming weeks.
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