EUR/SEK-Commentary

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May 08, 2024

SEK flows: SEK lower after Riksbank cut
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May 8, 2024 7:52 AM UTC

Riksbank cut rates as most expected, and guide for 2 more cuts this year. SEK lower, but remains at low levels and has scope to rally.

April 25, 2024

SEK flows: SEK upside potential after strong economic tendency survey
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April 25, 2024 7:27 AM UTC

SEK has potential to rally with economic tendency survey suggesting recovery is underway

April 24, 2024

AUD, JPY, SEK flows: AUD firm, JPY weak, SEK down slightly
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April 24, 2024 6:55 AM UTC

AUD benefits from strong CPI, JPY remains under pressure in risk positive trading, SEK reocvery moderated by higher unemployment

March 27, 2024

SEK flows: SEK falls after big shift in Riksbank rate path
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March 27, 2024 9:16 AM UTC

SEK slightly weaker after Riksbank but downside limited

JPY, SEK flows: New high in USD/JPY, SEK in focus as Riksbank meets
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March 27, 2024 7:38 AM UTC

USD/JPY traded a new 24 year high overnight and has retreated only modestly. SEK in focus as the Riksbank meets, SEK upsde risks seen

March 26, 2024

SEK flows: SEK little changed but upside favoured
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March 26, 2024 9:28 AM UTC

Firmer economic tendency survey and high starting point suggests EUR/SEK downside risks

March 14, 2024

SEK, CHF, JPY flows: SEK slips on CPI, CHF weak
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March 14, 2024 7:42 AM UTC

SEK lower after softer CPI, NOK/SEK still has upside scope. CHF the favourite funding currency in current risk positive market

March 08, 2024

EUR, SEK flows: EUR holds gains but upside limited. SEK unimpressed by stronger GDP
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March 8, 2024 7:34 AM UTC

EUR holding onto Thursday gains but little impact from German production data as downward revisions offset stronger January. SEK benefits slightly from better January GDP, but data tends to be unreliable

February 29, 2024

EUR, SEK, JPY flows: EUR and SEK unmoved by data, JPY firms on BoJ comments
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February 29, 2024 7:47 AM UTC

EUR and SEK little changed after weaker than expected January and Q4 data, helped by positive back revisions. JPY suported by BoJ comments, but still limited by strong global risk sentiment

February 28, 2024

SEK, NOK flows: SEK unmoved after steady economic tendency survey
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February 28, 2024 8:21 AM UTC

Little change in the Swedish economic tendency survey in February. EUR/SEK steady, NOK/SEK has potential for gains.

February 01, 2024

SEK flows: SEK softer after Riksbank
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February 1, 2024 9:19 AM UTC

EUR/SEK higher after the Riksbank statement, but upside limited. NOK/SEK has more scope for gains

January 29, 2024

SEK, NOK flows: EUR/SEK steady after GDP, NOK/SEK upside risks
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January 29, 2024 7:53 AM UTC

EUR/SEK fairly steady after Q4 Swedish GDP data shows Sweden edging out of recession

January 15, 2024

USD, JPY, SEK flows: SEK fails to benefit from higher CPI, JPY softens with jGB yields
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January 15, 2024 7:31 AM UTC

Although December Swedish CPI has come in a little higher than expected at 2.3% y/y for CPIF, EUR/SEK has moved higher after the numbers after a brief dip. We wouldn’t expect this to extend far, but the failure of the SEK to respond positively to the stronger CPI data suggests that the EUR/SEK mov

January 10, 2024

NOK, SEK flows: Little changed after data
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January 10, 2024 7:31 AM UTC

Lots of Scandi data this morning. The Norwegian CPI numbers were slightly on the soft side of expectations, but Q4 core CPI is only marginally below the Norges Bank forecast of 5.8% published in the December Monetary Policy Report. Norges Bank in that report also indicated that they were likely to k