EUR/SEK has hit multidecade highs around the 11.96 level. Economists at Rabobank analyze the pair’s outlook. Breman’s hawkish tone should help provide
While the 12.00 level is within sight, Riksbank Deputy Governor Breman’s hawkish tone and the possibility that rate rises could extend beyond September should help provide some support for the SEK.
Given market expectations for a modest recovery in Swedish GDP growth in Q4, ahead of a recovery in domestic consumption growth in 2024, we see the potential for a return to the 11.50 area on a three-month view.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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