EUR/SEK seen moving back to 10.80 on a year view – Rabobank

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The Swedish Krona (SEK) has offered back a portion of the ground it won versus the Euro (EUR) in the last two months of the year before. Rabobank’s economists examine the EUR/SEK outlook.

EUR/SEK to drift lower towards 11.00 on a 3-to half year view

A mindful attitude toward rates from the Riksbank joined with a smidgen of hopefulness that the homegrown financial standpoint ought to further develop in the not so distant future proposes scope for the SEK to recover its balance and for EUR/SEK to drift lower towards 11.00 on a 3-to half year view.

EUR/SEK remains significantly above its 5-year average despite the SEK’s improved tone late last year. A powerless cash will add to expansion gambles. Be that as it may, it can likewise create development through the commodity channel; indications of this may now be arising. We would anticipate EUR/SEK to proceed with its standardization this year and move back to 10.80 on a year view.

 

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Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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