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2 Apr 2014
A new trend in EUR/SEK? – Danske Bank
FXStreet (Edinburgh) - Analyst Pernille Nielsen at Danske Bank notes the sharp pullback in EUR/SEK post-PMI print on Tuesday.
Key Quotes
“Yesterday, the strong Swedish PMI and strong equity markets pushed EUR/SEK below 8.90 again”.
“However, we doubt that we are in for a new trend lower in the cross in April, as the fear of further monetary easing from the Riksbank given the low inflation continues to weigh on the krona”.
Key Quotes
“Yesterday, the strong Swedish PMI and strong equity markets pushed EUR/SEK below 8.90 again”.
“However, we doubt that we are in for a new trend lower in the cross in April, as the fear of further monetary easing from the Riksbank given the low inflation continues to weigh on the krona”.