According to MUFG, the Swedish Krona is expected to recover even more from its current undervalued state, with the EURSEK exchange rate at 11.7182.

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EURSEK Chart by TradingView

The Krona has staged a strong rebound in July which marks an abrupt reversal of losses sustained during the the first half of this year. Economists at MUFG bank analyze SEK outlook.

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