Tuesday, September 15, 2015

EUR/SEK points to further consolidation – Danske Bank

FXStreet (Edinburgh) - Chief Analyst at Danske Bank Allan von Mehren sees the cross meandering between 9.30 and 9.60 for the time being.

Key Quotes

EUR/SEK has made a sustained move from above 9.60 just a few weeks ago to now trade in the lower end of the long-standing 9.30-9.60 interval”.

“We think the range will hold for now and thus see limited further downside in the cross from here. Notwithstanding some deterioration in early September, the stream of Swedish data over the summer has largely surprised on the upside; however, we still look for negative inflation surprises over the autumn, which should keep EUR/SEK bid”.
For more information, read our latest forex news.

No comments:

Post a Comment