EUR/SEK: Target set at 11.60 in 6-12 months – Danske Bank
Source Fxstreet
Last year ended on a strong note for the Swedish Krona (SEK). Economists at Danske Bank analyze EUR/SEK outlook.
Global macro cycle does not bode well for the SEK in 2024
The cyclical backdrop remains a headwind for the SEK amid subpar and even recession-like European growth outlook.
The Riksbank will not lag the ECB in the easing cycle, which leaves the SEK in a vulnerable position. Repricing of central banks may hurt risk sentiment.
The structural flows picture is still a medium-term headwind for the SEK.
Should the global economy pick up more than expected in 2024, this could lend support to the SEK over the medium term.
Forecast 11.20 (1M), 11.40 (3M), 11.60 (6M), 11.60 (12M)
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The U.S. dollar is facing its most aggressive sell-off in nearly four years, with the Bloomberg Dollar Spot Index dropping Tuesday to its lowest level since March 2022.Despite this, Presi
Ethereum Is Already 20% Prepared for the Quantum Era, Says InterviewEthereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.
Ethereum's drive for post-quantum security is advancing with strategic upgrades in execution, consensus, and data layers. The initiative is backed by the Ethereum Foundation's dedicated team. Ethereum aims to safeguard against future quantum threats well before they materialize.
Top 3 Price Outlook: BTC Holds Above $89,000 as ETH Tests Resistance and XRP Stabilizes Near $1.90BTC trades near $89,300 after reclaiming $87,787 support and eyes $90,000, while ETH tests $3,017 and the $3,101 50-day EMA and XRP rebounds to $1.90 from $1.83 with $1.96 resistance and $1.77 downside risk.
BTC trades near $89,300 after reclaiming $87,787 support and eyes $90,000, while ETH tests $3,017 and the $3,101 50-day EMA and XRP rebounds to $1.90 from $1.83 with $1.96 resistance and $1.77 downside risk.
EUR/USD weakens below 1.2000 amid rebound in US Dollar, all eyes on Fed rate decision The EUR/USD pair attracts some sellers to near 1.1990, snapping the four-day winning streak during the early European session on Wednesday. The major pair retraces from a five-year high amid renewed US Dollar (USD) demand.
The EUR/USD pair attracts some sellers to near 1.1990, snapping the four-day winning streak during the early European session on Wednesday. The major pair retraces from a five-year high amid renewed US Dollar (USD) demand.
Standard Chartered has warned that banks in the U.S. may lose up to $500 billion to stablecoins by 2028.
Related Instrument
