#EURSEK @ 10.7178 to enjoy further gains towards the 11 level – Danske Bank
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Economists at Danske Bank see further upside on the EUR/SEK. They expect the pair to advance nicely towards the 11 level.
“We have a negative view on the outlook for the SEK and would stress both short and long-term headwinds for the currency.”
“A short-term risk is that fixed income markets seem to be pricing too many rate hikes from the Riksbank. A repricing of the Riksbank, together with weaker global GDP growth and volatile asset prices, would pose significant headwinds to the cyclical SEK.”
“Forecast: 10.50 (1M), 10.60 (3M), 10.80 (6M), 11.00 (12M).”
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