EUR/SEK to rebound to the 11.30 area or higher before a longer-term decline can materialise – ING
Source Fxstreet
EUR/SEK broke decisively through the 11.20 area this week. Economists at ING analyze the pair’s outlook.
A strong week, but will it last?
The stronger-than-expected headline CPIF in Sweden, some stickiness in long-term inflation expectations and the global equity rally have all contributed to a strong week for the Krona. Our short-term view on SEK is, however, not as rosy.
Risk sentiment might struggle to keep fuelling rallies in high-beta currencies like SEK in the next couple of weeks.
The end of FX sales means the downside could be rather slippery for the Krona.
We still see EUR/SEK rebound to the 11.30 area or higher before a longer-term decline can materialise.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
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