EUR/SEK-Commentary

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October 29, 2024

SEK flows: SEK stay soft after weak GDP
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October 29, 2024 7:42 AM UTC

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

September 25, 2024

SEK flows: SEK not much changed despite dovish Riksbank
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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. 

September 12, 2024

SEK, NOK flows: SEK resilient to weak CPI, but...
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September 12, 2024 6:44 AM UTC

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

August 29, 2024

EUR, SEK, NOK flows: SEK little changed after GDP
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August 29, 2024 6:57 AM UTC

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

August 20, 2024

SEK flows: SEK little changed after Riksbank rate cut
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August 20, 2024 7:51 AM UTC

Dovish sounding statement suggests some SEK downside risks

August 14, 2024

SEK flows: Firmer after stronger CPI
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August 14, 2024 8:17 AM UTC

SEK firmer after higher than expected CPI

July 29, 2024

JPY, SEK, NOK flows: JPY strong, SEK little affected by weak GDP
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July 29, 2024 6:46 AM UTC

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

July 12, 2024

SEK flows: Initially resilient to weak CPI
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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

July 09, 2024

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

June 27, 2024

SEK flows: SEK softer after more dovish Riksbank
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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.

June 14, 2024

SEK flows: EUR/SEK reverses initial dip after stronger CPI
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June 14, 2024 7:03 AM UTC

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

June 03, 2024

SEK, NOK flows: SEK gains on PMI
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June 3, 2024 8:32 AM UTC

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

May 30, 2024

SEK flows: SEK slightly higher after GDP
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May 30, 2024 6:52 AM UTC

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

May 08, 2024

SEK flows: SEK lower after Riksbank cut
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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.

April 25, 2024

SEK flows: SEK upside potential after strong economic tendency survey
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April 25, 2024 7:27 AM UTC

SEK has potential to rally with economic tendency survey suggesting recovery is underway

April 24, 2024

AUD, JPY, SEK flows: AUD firm, JPY weak, SEK down slightly
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April 24, 2024 6:55 AM UTC

AUD benefits from strong CPI, JPY remains under pressure in risk positive trading, SEK reocvery moderated by higher unemployment

March 27, 2024

SEK flows: SEK falls after big shift in Riksbank rate path
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March 27, 2024 9:16 AM UTC

SEK slightly weaker after Riksbank but downside limited

JPY, SEK flows: New high in USD/JPY, SEK in focus as Riksbank meets
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March 27, 2024 7:38 AM UTC

USD/JPY traded a new 24 year high overnight and has retreated only modestly. SEK in focus as the Riksbank meets, SEK upsde risks seen

March 26, 2024

SEK flows: SEK little changed but upside favoured
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March 26, 2024 9:28 AM UTC

Firmer economic tendency survey and high starting point suggests EUR/SEK downside risks

March 14, 2024

SEK, CHF, JPY flows: SEK slips on CPI, CHF weak
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March 14, 2024 7:42 AM UTC

SEK lower after softer CPI, NOK/SEK still has upside scope. CHF the favourite funding currency in current risk positive market

March 08, 2024

EUR, SEK flows: EUR holds gains but upside limited. SEK unimpressed by stronger GDP
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March 8, 2024 7:34 AM UTC

EUR holding onto Thursday gains but little impact from German production data as downward revisions offset stronger January. SEK benefits slightly from better January GDP, but data tends to be unreliable

February 29, 2024

EUR, SEK, JPY flows: EUR and SEK unmoved by data, JPY firms on BoJ comments
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February 29, 2024 7:47 AM UTC

EUR and SEK little changed after weaker than expected January and Q4 data, helped by positive back revisions. JPY suported by BoJ comments, but still limited by strong global risk sentiment

February 28, 2024

SEK, NOK flows: SEK unmoved after steady economic tendency survey
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February 28, 2024 8:21 AM UTC

Little change in the Swedish economic tendency survey in February. EUR/SEK steady, NOK/SEK has potential for gains.

February 01, 2024

SEK flows: SEK softer after Riksbank
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February 1, 2024 9:19 AM UTC

EUR/SEK higher after the Riksbank statement, but upside limited. NOK/SEK has more scope for gains

January 29, 2024

SEK, NOK flows: EUR/SEK steady after GDP, NOK/SEK upside risks
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January 29, 2024 7:53 AM UTC

EUR/SEK fairly steady after Q4 Swedish GDP data shows Sweden edging out of recession

January 15, 2024

USD, JPY, SEK flows: SEK fails to benefit from higher CPI, JPY softens with jGB yields
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January 15, 2024 7:31 AM UTC

EUR/SEK moves higher despite stronger CPI. USD/JPY rises as JGB yields fall, but spreads still suggest downside risks

January 10, 2024

NOK, SEK flows: Little changed after data
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January 10, 2024 7:31 AM UTC

Norwegian CPI data marginally soft, Swedish data mixed, little immediate FX impact.