Danske Bank thinks the Riksbank will have to stay relatively dovish given the European Central Bank's dovish line Thursday. It will definitely have to do more QE and, in Danske's view, also a 10bp repo rate cut, although the latter is a close call, it says. "We see near-term upside risk for the EUR/SEK, as the market is not priced for a rate-cut scenario. However, in 2017, we expect the EUR/SEK to move lower on valuation, global reflation and relatively strong growth in the Swedish economy." EUR/SEK is flat on the day at 9.6906, having dropped sharply on Thursday following the ECB decision - Dow Jones.