SEK can prove a victim of the looming trade war – ING
Source Fxstreet
The market is looking for a 50bp rate cut from Sweden's Riksbank today, ING’s FX Analyst Chris Turner notes.
Riksbank can impact EUR/SEK even with a 25bp rate cut
“The market prices a 44bp cut today and the bigger EUR/SEK impact would likely come from just a 25bp rate cut. Like other currency pairs, EUR/SEK has come a long way quite quickly over the last month and some consolidation may be due.”
“But corporates might seek to take advantage of any short-term correction to the 11.55/60 area given the SEK could prove a victim of the looming trade war.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As one of the most traded currency pair in the forex markets, the price of EURUSD affects many traders. Check out our EURUSD long-term forecast for more information.
The price of copper is affected by various of factors. You may wonder how the price of cooper will be in 2023, check out our forecast analysis.
Natural Gas sinks to pivotal level as China’s demand slumpsNatural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Natural Gas price (XNG/USD) edges lower and sinks to $2.56 on Monday, extending its losing streak for the fifth day in a row. The move comes on the back of China cutting its Liquified Natural Gas (LNG) imports after prices rose above $3.0 in June. It
Palantir Blasted to a New All-Time High Today. Is the Stock Still a Buy?After a week or so when investors were more focused on the stock's lofty valuation and concerns about the momentum of artificial intelligence (AI) adoption, Palantir Technologies (NYSE: PLTR) delivered a third-quarter report on Tuesday morning that helped the stock shake off its brief malaise and sent it sharply higher.
After a week or so when investors were more focused on the stock's lofty valuation and concerns about the momentum of artificial intelligence (AI) adoption, Palantir Technologies (NYSE: PLTR) delivered a third-quarter report on Tuesday morning that helped the stock shake off its brief malaise and sent it sharply higher.
Warren Buffett Is Giving 2 Massive Warnings to Investors. Should You Be Worried?In Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) third-quarter earnings report, there weren't any massive surprises about the company's businesses themselves. Insurance underwriting profits declined significantly, but with a particularly bad hurricane season, this wasn't too alarming.
In Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) third-quarter earnings report, there weren't any massive surprises about the company's businesses themselves. Insurance underwriting profits declined significantly, but with a particularly bad hurricane season, this wasn't too alarming.
Related Instrument
