EUR/SEK to struggle to trade sustainably below 10.20-10.30 – ING

Economists at ING expect the Swedish krona to find it difficult to advance in the coming weeks. They expect the EUR/SEK to move above the 10.20/30 area.

Unstable risk sentiment and lingering geopolitical risks to keep a lid on SEK

“Unstable risk sentiment and lingering geopolitical risks affecting Europe may keep a lid on high-beta currencies like SEK in the coming weeks.” 

“We think EUR/SEK may struggle to trade sustainably below 10.20-10.30 in the current environment.”