EUR/SEK, NOK/SEK: Upside on CPI, further rollover more risk, oil dependent

August 6, 2026 6:45 AM UTC

Upside on flash CPIF data though core still low enough not to be the focus
EUR/SEK has rolled back, with risk bounce, oil more the focal point still 
Drifting towards uptrend, 38% retrac.

SEK flows: EUR/SEK more focused on geopolitics than Riksbank n/t

June 17, 2026 8:02 AM UTC

Minor reference to increased hike risks later in the year but forecasts underscore the 'well balanced policy on hold' view
EUR/SEK has been easing back in range, more focused on geopolitical/risk backdrop 

USD, JPY, EUR flows: Focus on US/Iran deal

May 7, 2026 6:24 AM UTC

Markets await Iran's response to teh US proposal to end hostilities. Market risks may be skewed towards a risk negative response after the moves of the last few days priced in a positive outcome

EUR, SEK, NOK flows: SEK softer after CPI, EUR unchnaged despite strong German orders

January 8, 2026 7:37 AM UTC

Weak Swedish CPI barely makes a dent in recent SEK strength, but NOK/SEK looks cheap. German orders very strong in November but volatile

NOK, SEK, JPY flows: SEK still firm after GDP decline, JPY weakness continues

December 10, 2025 7:51 AM UTC

SEK still strong despite drop in October GDP. JPY weakness continues, intervention likely necessary soon.

SEK flows: EUR/SEK slightly higher after CPI

December 4, 2025 7:52 AM UTC

Weaker Swedish CPI leads to sligtly higher EUR/SEK, but...

EUR, CHF, SEK flows: Few surprises in European data but SEK may have upside against CHF

November 28, 2025 9:29 AM UTC

European data much as expected, but relatively strong Swedish growth suggests some SEK upside risks, while weak Swiss growth may maintain downward pressure on CHF

EUR, SEK flows: SEK firm after higher CPI, German production disappoints

November 6, 2025 7:47 AM UTC

EUR/SEK dips after higher than expected Swedish CPI and weak German production data

SEK flows: SEK firmer on strong GDP

October 29, 2025 7:38 AM UTC

SEK gains as GDP shows strength in Q3

JPY, NZD, EUR, SEK flows: JPY and NZD down sharply, EUR resilient

October 8, 2025 7:07 AM UTC

JPY extends weakness on weak wage data, NZD drops sharply on 50 bp RBNZ cut. EUR resilient despite likely erratically weak German production data 

SEK flows: Riksbank cut a slight surprise, but SEK downside risks modest

September 23, 2025 7:52 AM UTC

Riksbank cut 25bps with consensus for no change, but move had been 35% priced and Riksbank indictes this is likely to be the last cut

SEK, CHF flows: SEK and CHF both softer after CPIs

September 4, 2025 6:40 AM UTC

Sweidsh CPI marginally avove consensus, Swiss CPI marginally below, but both SEK and CHF weaker

EUR, SEK flows: FX little changed despite weak German, strong Swedish data

August 29, 2025 6:52 AM UTC

German retail sales weak, Swedish GDP strong, little FX reaction so far

SEK flows: EUR/SEK only marginally higher after Riksbank leaves rates unchanged

August 20, 2025 7:57 AM UTC

Riksbank leaves rates unchnaged and indicates outlook similar to June

EUR flows: EUR up as yields rise on Lagarde

July 24, 2025 12:42 PM UTC

Lagarde sounding less dovish, market now not fully pricing in any more easing this year. EUR firmer, but EUR/USD upside may be more limited than EUR gains on the crosses.

SEK, EUR flows: SEK recovering after stronger CPI, EUR supported by German production

July 7, 2025 6:46 AM UTC

SEK a little higher after Swedish CPI, German inductiral production suggests improving trend and could be EUR supportive 

SEK flows: SEK slips lower after Riksbank rate cut

June 18, 2025 7:55 AM UTC

Riksbank cuts rates as most expected, downgrades growth forecast and suggests scope for further easing

JPY, SEK flows: JPY soft, SEK has scope to weaken

June 17, 2025 7:08 AM UTC

JPY weakness looks extended, some scope for correction. SEK strength may falter after higher unemployment

SEK flows: SEK slightly weaker after CPI

June 5, 2025 6:15 AM UTC

Softer CPI increases chances of a Riksbank rate cut this month and suggetss SEK downside risks

SEK flows: SEK slightly weaker after Riksbank

May 8, 2025 7:46 AM UTC

Unchanged rates from the Riksbank no surprise. SEK slightly weaker

EUR, SEK flows: EUR well supported, SEK edging lower after data

May 7, 2025 6:24 AM UTC

EUR/USD well supported on general USD weakness; German orders on the strong side. SEK edging lower after weaker Swedish CPI

SEK, CAD flows: SEK unmoved by softer GDP, CAD little changed on election

April 29, 2025 6:42 AM UTC

EUR/SEK little changed but has some upside scope after softer GDP. CAD can extend weakness on crosses after election result.

SEK flows: SEK slips on weaker CPI

April 4, 2025 6:53 AM UTC

SEK slipping back after weaker than expected Swedish CPI. Scope for further losses

SEK flows: SEK unmoved by weaker economic tendency survey, but...

March 26, 2025 10:06 AM UTC

SEK little changed despite a weaker March economic tendency survey, but may be vulnerable if we see any more general weakening in sentiment in Europe.

EUR, GBP, scandi flows: EUR and scandis firm as risk sentiment recovers

March 11, 2025 8:00 AM UTC

EUR recovering as equity futures bounce, GBP slips to 6 week low against the EUR. Scandis the best performers.

SEK flows: SEK continues to strengthen after stronger CPI, but...

March 6, 2025 7:39 AM UTC

SEK strength extends, but current levels are stretched, particularly versus NOK

SEK flows: Strong GDP data SEK supportive

February 28, 2025 7:48 AM UTC

Strong Swedish GDP data supportive for SEK but may also suggest better European prospects

USD, JPY, NOK, SEK flows: USD stabilising but downside risks remain. NOK/SEK weakness is extreme

February 26, 2025 7:43 AM UTC

USD reocvered modestly overnight but downside favoured as long as concerns about slowing growth persist. NOK/SEK testing 2024 lows and continues to look very undervalued.

GBP, SEK flows: GBP and SEK slightly firmer after data

February 18, 2025 7:18 AM UTC

UK employment data a little stronger than expected. Swedish CPI in line with consensus. Limited upside for both GBP and SEK

USD, NOK, SEK flows: Focus on tariffs, scope for scandi gains

February 10, 2025 7:46 AM UTC

USD may benefit from latest tariff announcement. Scandis have upside scope

SEK, EUR flows: SEK firmer after higher CPI, EUR steady after recovery in German orders

February 6, 2025 7:37 AM UTC

Swedish CPI rises sharply, German orders recover but trend remains uncertain

SEK flows: Little reaction to GBP, Riksbank awaited

January 29, 2025 7:44 AM UTC

SEK little chnaged after GDP, Riksbank also unliekly to priduce a surprise, but EUR/SEK downside favoured medium term

SEK flows: SEK edges lower after softer CPI

January 8, 2025 7:45 AM UTC

Weaker CPI suggests possibility of a 50bp cut in January

SEK flows: SEK stay soft after weak GDP

October 29, 2024 7:42 AM UTC

EUR/SEK edges up but biggest scope for gains looks to be in NOK/SEK

SEK flows: SEK not much changed despite dovish Riksbank

September 25, 2024 8:16 AM UTC

Riksbank indicating much steeper rate cuts but SEK little changed as yields beyond the very front end stay steady. But SEK risks on the downside especially against the NOK. 

SEK, NOK flows: SEK resilient to weak CPI, but...

September 12, 2024 6:44 AM UTC

EUR/SEK surprisingly lower after weaker Swedish CPI, but NOK/SEK gains

EUR, SEK, NOK flows: SEK little changed after GDP

August 29, 2024 6:57 AM UTC

Better than expected Swedish GDP still doesn't justify recent SEK strength

SEK flows: SEK little changed after Riksbank rate cut

August 20, 2024 7:51 AM UTC

Dovish sounding statement suggests some SEK downside risks

SEK flows: Firmer after stronger CPI

August 14, 2024 8:17 AM UTC

SEK firmer after higher than expected CPI

JPY, SEK, NOK flows: JPY strong, SEK little affected by weak GDP

July 29, 2024 6:46 AM UTC

JPY gains as BoJ tightening anticipated. SEK resilient after weak GDP but scope for NOK/SEK gains

SEK flows: Initially resilient to weak CPI

July 12, 2024 6:29 AM UTC

Swedish CPI is weaker than expected, mirroring weak Norwegian CPI earlier in the week, but the SEK has barely fallen. SEK downside risks seen, but patience may be required

SEK, JPY flows: SEK weakness can extend, JPY weakness pausing

July 9, 2024 6:45 AM UTC

SEK fell back on Monday and can extend losses. JPY weakness pausing but still lacking a trigger for major recovery. 

SEK flows: SEK softer after more dovish Riksbank

June 27, 2024 7:55 AM UTC

Riksbank seeing scope for up to 3 cuts this year. SEK softer, NOK/SEK looks to have the most potential.

SEK flows: EUR/SEK reverses initial dip after stronger CPI

June 14, 2024 7:03 AM UTC

Swedish CPI stronger than expected in April, but SEK fails to sustain initial gains

SEK, NOK flows: SEK gains on PMI

June 3, 2024 8:32 AM UTC

Better than expected Swedish manufacturing PMI boosts SEK, but NOK remains the more attractive

SEK flows: SEK slightly higher after GDP

May 30, 2024 6:52 AM UTC

Swedish GDP stronger than expected due to inventories. SEK mildly firmer but further upside potential seen

SEK flows: SEK lower after Riksbank cut

May 8, 2024 7:52 AM UTC

Riksbank cut rates as most expected, and guide for 2 more cuts this year. SEK lower, but remains at low levels and has scope to rally.