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

Further weakness i around the Swedish Krona is still expected, noted Senior Analyst at Danske Bank Kristoffer Lomholt.

Key Quotes

“In terms of the Scandies, both the NOK and not least the SEK came under renewed pressure in late trading yesterday. Price action might be related to today’s holiday, which means we would expect price action volatility to be more modest today”.

“We maintain the view that EUR/SEK is a buy on dips. In terms of the NOK, we argue that (1) the NB meeting is likely to be a non-event, (2) we think EUR/NOK should be played more tactically near term within the 9.47- 9.75 range”.