Fade strength in EUR/SEK – Danske Bank

Chief Analyst at Danske Bank Arne Rasmussen recommended fading occasional bullish attempts in EUR/SEK.

Key Quotes

“In neighbouring Sweden, the SEK has seen support from markets more or less fully pricing in a December Riksbank rate hike”.

“In the near term, the cross remains heavily dependent on global risk appetite as well the development of the formation of a new Swedish government. We maintain our recommendation to use any rallies in EUR/SEK to enter tactical shorts”.