#EURSEK @ 11.3393 : Q1 target raised from 11.30 to 11.50 – Credit Suisse

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Ahead of tomorrow’s Riksbank decision, economists at Credit Suisse raise their EUR/SEK Q1 target from 11.30 to 11.50 and would look to fade consolidation triggered by hawkish policy rate projections.

“Ahead of tomorrow’s Riksbank decision, we raise our EUR/SEK Q1 target from 11.30 to 11.50.”

“There is a possibility that hawkish policy rate projections could trigger a consolidation in EUR/SEK to the 11.00-11.10 zone: we would expect SEK weakness to resume thereafter.”

See – Riksbank Preview: Forecasts from seven major banks, 50 bps, but the peak is not far off

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