SEK: Riksbank to remain dovish – Commerzbank

Source Fxstreet

Sweden's Riksbank is widely expected to cut rates by another 25bp today, Commerzbank’s FX strategist Francesco Pesole notes.

SEK to remain more sensitive to external factors

“Riksbank is expected to cut rates by another 25bp today. Governor Erik Thedeen and his colleagues have been giving rather explicit forward guidance to markets, signalling three rate cuts by the end of the year.”

“Despite some modest speculation for a 50bp reduction in one of those meetings, we think that signs of stabilisation in Sweden's economic outlook should discourage moves larger than 25bp. Markets are fully pricing in 25bp today and probably a reiteration of the recent pledge to keep cutting this year.”

“Ultimately, SEK should remain more sensitive to external factors, as the ratecutting cycle is priced in and the Riksbank seems on a stable and predictable path. EUR/SEK can remain under some pressure and test 11.20 in the near term.”

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Trump approves the ‘D.O.G.E dividend’ tax refund for US taxpayersPresident Donald Trump just signed off on a tax refund plan that could send billions back into the pockets of Americans. The ‘D.O.G.E Dividend’, named after Elon Musk’s Department of Government Efficiency (D.O.G.E), will return 20% of the savings from Musk’s cost-cutting initiative directly to taxpayers. Trump confirmed the plan during a Miami Beach event […]
Author  Cryptopolitan
Feb 20, Thu
President Donald Trump just signed off on a tax refund plan that could send billions back into the pockets of Americans. The ‘D.O.G.E Dividend’, named after Elon Musk’s Department of Government Efficiency (D.O.G.E), will return 20% of the savings from Musk’s cost-cutting initiative directly to taxpayers. Trump confirmed the plan during a Miami Beach event […]
placeholder
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gears up for volatility while ETH and XRP fight to stay afloatBitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February; this consolidation phase could soon end.
Author  FXStreet
Yesterday 05: 08
Bitcoin (BTC) price has been consolidating between $94,000 and $100,000 since early February; this consolidation phase could soon end.
placeholder
Bitcoin’s Price Stuck Within A Relative Narrow Range, Will A Breakout Occur Soon?After a sudden pullback a few days ago, Bitcoin seems to have briefly regained its upside momentum, rising from about $93,300 to $96,300. Despite the slight rebound, BTC’s price is still trending within a key range that is likely to determine its next trajectory in the short term. Sideways Price Action Persists For Bitcoin IC […]
Author  Bitcoinist
Yesterday 05: 10
After a sudden pullback a few days ago, Bitcoin seems to have briefly regained its upside momentum, rising from about $93,300 to $96,300. Despite the slight rebound, BTC’s price is still trending within a key range that is likely to determine its next trajectory in the short term. Sideways Price Action Persists For Bitcoin IC […]
placeholder
Elon Musk teases DOGE audit of the Federal ReserveAt the Conservative Political Action Conference on Thursday in Maryland, Elon Musk hinted at some of DOGE's upcoming works, including a possible audit of the Federal Reserve.
Author  Cryptopolitan
23 hours ago
At the Conservative Political Action Conference on Thursday in Maryland, Elon Musk hinted at some of DOGE's upcoming works, including a possible audit of the Federal Reserve.
placeholder
3 Stocks to Profit From the AI RevolutionArtificial intelligence (AI) has been a leading driver for many tech stocks like Nvidia in recent years. However, as the AI revolution matures, investors may be looking for ideas b
Author  The Motley Fool
21 hours ago
Artificial intelligence (AI) has been a leading driver for many tech stocks like Nvidia in recent years. However, as the AI revolution matures, investors may be looking for ideas b
goTop
quote