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4 May 2016
EUR/SEK seen rangebound for the time being – Danske Bank
Chief Analyst at Danske Bank Allan von Mehren suggested EUR/SEK could follow a consolidative pattern in the near term.
Key Quotes
“The broader risk sell-off also spread to the Scandies where EUR/SEK rose sharply despite strong March industrial and service production data”.
“Long SEK is a favoured position and we see yesterday’s price action as reflecting a position squeeze”.
“We expect the 9.10-9.30 range in EUR/SEK to hold unless a more dramatic risk sell-off unfolds”.
Key Quotes
“The broader risk sell-off also spread to the Scandies where EUR/SEK rose sharply despite strong March industrial and service production data”.
“Long SEK is a favoured position and we see yesterday’s price action as reflecting a position squeeze”.
“We expect the 9.10-9.30 range in EUR/SEK to hold unless a more dramatic risk sell-off unfolds”.