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: 2024.11.07
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SEK can prove a victim of the looming trade war - ING
Breaking news
SEK can prove a victim of the looming trade war - ING
New
2024.11.07 19:33
2024.11.07 19:33
2024.11.07 19:33
The market is looking for a 50bp rate cut from Sweden's Riksbank today, ING's FX Analyst Chris Turner notes.
Riksbank can impact EUR/SEK even with a 25bp rate cut
"The market prices a 44bp cut today and the bigger EUR/SEK impact would likely come from just a 25bp rate cut. Like other currency pairs, EUR/SEK has come a long way quite quickly over the last month and some consolidation may be due."
"But corporates might seek to take advantage of any short-term correction to the 11.55/60 area given the SEK could prove a victim of the looming trade war."
Last updated
: 2024.11.07
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2024.11.07 20:23Disclaimer:
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