Scope for a continued recovery in the SEK – Rabobank

The Swedish Krona has shown signs of recovery vs. the Euro since the start of this month as on a one-month view, the SEK is the best performing G10 currency. Economists at Rabobank analyze Krona’s outlook.

Three-month EUR/SEK forecast revised from 11.40 to 11.20

On the assumption that the Riksbank does hike rates again this week, we see scope for a continued recovery in the SEK. 

Having essentially hit our target, we have revised our three-month EUR/SEK forecast from 11.40 to 11.20.

See – EUR/SEK: Further Krona strength in the near-term – Danske Bank