Flash: EUR/SEK near 8.90 in coming months - UBS

FXstreet.com (Córdoba) - Consolidating Swedish consumer confidence and a manufacturing confidence that is improving from low levels hint at more broadly based economic growth, which should support the SEK in the second half of 2014, says the UBS analyst team.

Key quotes

"For the time being, however, low inflation expectations suggest that the Riksbank's monetary policy will likely keep a dovish tilt in the coming months".

"Although we do not expect a rate cut at the next meeting on 13 February, this should nevertheless keep EUR/SEK near 8.90 in coming months".