EUR/SEK seen at 10.50 in the near term – Danske Bank

Analyst at Danske Bank Aila Mihr expects the cross to advance to the 10.50 level within a month’s view.

Key Quotes

“We have argued that the SEK should strengthen (versus the EUR) until December, when we expect the Riksbank to deliver its first hike in seven years: 3M target 10.20”.

“At the same time, we have highlighted that the political risks not only at home but also globally are headwinds for the SEK in the near term and therefore we have set our 1M target at 10.50”.