- A Riksbank misstep could send EUR/SEK to 12.00 – ING
Market news
23 June 2023
A Riksbank misstep could send EUR/SEK to 12.00 – ING
EUR/SEK is now trading at record levels. Economists at ING discuss the pair’s outlook ahead of the Riksbank meeting on 29 June.
Riksbank is set to dial back the pace of rate hikes
We expect the Riksbank to sound the alarm about recent Krona weakness, but we doubt policymakers will want to pre-commit to another hike in September just yet.
Officials are now walking a narrow path between bolstering the currency and minimising damage to the real estate market.
Lingering dissent within the board can send EUR/SEK to 12.00 in the near term.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page