SEK stronger ahead of Riksbank – Danske Bank

Jens Sorensen, Chief Analyst at Danske Bank, sees the SEK picking up pace in light of the Riksbank meeting next week.

Key Quotes

“Yesterday EUR/SEK tested lower levels ahead of the low from 30 December and support level at 9.1220”.

“In our view, the downward pressure on EUR/SEK will remain ahead of the Riksbank meeting on 21 April where we expect it to stay put”.

“Further out, a Brexit is a risk for both the SEK and NOK as such an event is likely to trigger a substantial risk reduction across European assets from non-European investors”.