EUR/SEK: The Riksbank could ultimately fuel the Krona recovery – SocGen

Market news

28 December 2023

EUR/SEK: The Riksbank could ultimately fuel the Krona recovery – SocGen

EUR/SEK has been again trading as a high-beta currency. Economists at Société Générale analyze the pair’s outlook.

Sweden’s fundamentals set to improve only gradually

As Sweden’s fundamentals are set to improve only gradually, the return of a meaningful correlation with equities could be a supporting factor if their bounce is sustained.

Whereas the market will be focusing on the timing of ECB and Fed cuts, the Riksbank could ultimately fuel the Swedish Krona recovery.

EUR/SEK – 1Q24 11.40 2Q24 11.20 3Q24 11.10 4Q24 11.00

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