EUR/SEK still a ‘buy on dips’ – Danske Bank

Senior Analyst at Danske Bank Sverre Holbek assessed the recent price action around the Swedish Krona.

Key Quotes

“As expected, EUR/SEK has rebounded sharply after dropping to a 10.05 low, although faster than expected and the cross is now trading close to our 1M 10.20 target”.

“Tuesday offers a wide range of potential macro market movers. Focus will first and foremost be on the NIER confidence data including the housing market sentiment, which is one of the fundamental negatives for the SEK, in our view”.