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4 Mar 2015
EUR/SEK points to further downside – Danske Bank
FXStreet (Edinburgh) - Signe Roed-Frederiksen, Senior Analyst at Danske Bank, sees the Swedish krona strengthening further in the upcoming months.
Key Quotes
“In the Scandies the focus is on EUR/SEK, which continues to fall like a stone”.
“The market is currently re-pricing Sweden from an economy that has been lagging the global recovery and fighting deflation to one where the bottom has been reached”.
“Technically, EUR/SEK looks oversold but the momentum is strong. We are fundamentally bullish long-term on the SEK and are reviewing our short-term negative stance”.
Key Quotes
“In the Scandies the focus is on EUR/SEK, which continues to fall like a stone”.
“The market is currently re-pricing Sweden from an economy that has been lagging the global recovery and fighting deflation to one where the bottom has been reached”.
“Technically, EUR/SEK looks oversold but the momentum is strong. We are fundamentally bullish long-term on the SEK and are reviewing our short-term negative stance”.