EUR/SEK to pull back to the 11.25 region on a three-month view – Rabobank

Market news

20 July 2023

EUR/SEK to pull back to the 11.25 region on a three-month view – Rabobank

The SEK has been one of the better performing G10 currencies this month. Economists at Rabobank analyze Krona's outlook.

Many technical indicators suggest that the SEK is oversold

EUR/SEK is trading at levels well above long-term averages and many technical indicators suggest that the SEK is oversold.

On the assumption that news regarding the stresses faced by commercial property companies remains contained, we expected EUR/SEK to pull back to the 11.25 region on a three-month view.

See – EUR/SEK: Krona set to lose further ground in the coming days – Commerzbank

GBP/USD risks further losses near term – UOB

USD/CHF braces for fresh multi-year low below 0.8600 on upbeat Swiss trade numbers, softer US Dollar

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