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EUR/SEK: Recovery or expansion phase? - Rabobank

One year ago   |   By FXCM

Jane Foley, Senior FX Strategist at Rabobank, suggests that although EUR/SEK has been slow to react to the likelihood that rate differentials should move in favour of the SEK, the sharp fall in the value of the currency pair this month has signalled a rapid covering of short positions.
Key Quotes
“We see further downside potential in EUR/SEK in the coming months.”
“Since its high on May 3, EUR/SEK has dropped by around 3%. The trigger for the move were comments from Riksbank Governor Ingves that “there is not that much” that would indicate that the krona will weaken further. The...
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