SEK: Too much unjustified weakness - ING

Analysts at ING are looking for EUR/SEK to move back below the 9.6000 level this week as some of the last week’s sell-off should prove temporary.

Key Quotes

“We don’t see the extension of the current Governor Ingves’ term as a game-changer for SEK as we always expected the Riksbank to closely watch the ECB policy moves and remain focused on the currency.”