EUR/SEK to test 10.00/10.50 by Q3 before bouncing back higher in Q4 – ING EURSEK Banks Riksbank Europe
ING’s baseline scenario is moderately bearish for EUR/SEK, and expect to see sub-10.50 levels by 3Q23 before a 4Q rebound.“We are moderately bearish on EUR/SEK in 2023 given the projected improvement in the Eurozone’s“We expect EUR/SEK to trend lower and move sustainably below 11.00 by the end of the first quarter as the Riksbank hikes by 50 bps and signals more tightening, while European sentiment improves. Then, we expect EUR/SEK to test the 10.00/10.
“It's important to note that this profile embeds our view for a rather strong EUR in 2023. We expect to see larger SEK gains against the Dollar.”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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