EUR / SEK sticks to the range theme at the 10.1500 area. The Bank of Sweden keeps the rate unchanged at 0.00% at its meeting. Sweden’s unemployment rate rose to 8.5%. The Swedish crown alternates gains with losses vis-à-vis its European counterpart and drives further consolidation of the EUR / SEK, always around the area […]
Tag: EURSEK
EUR / SEK rises to weekly highs near 10.1800
EUR / SEK tested the 200-day SMA near 10.1800. The Riksbank left the key rate unchanged early Thursday. The central bank delivered a dovish message at its event. The Swedish krona reverses some of the recent strength and helps the EUR / SEK to resume the rise on Thursday. EUR / SEK rises after Riksbank’s […]
EUR / SEK moves to 2-week highs near 10.1000
EUR / SEK regains upward traction and tests 10.1000. The Riksbank appears to be open to further accommodative measures. Sweden’s unemployment rate rose to 9.3% in January. Increased selling pressure around the Swedish krona raises the EUR / SEK to near 10.10 on Tuesday in a turnaround on Tuesday. EUR / SEK in 2-week highs […]
EUR / SEK declines from daily highs near 10.20
EUR / SEK reversed the recent drop and approached 10.20. So far, a solid support arises in the 10.10 region. The Riksbank kept the policy rate unchanged at 0.00%. The Swedish krona is cutting back some of recent gains and motivates the EUR / SEK to bounce away from recent lows and approach the 10.20 […]
EUR / SEK: A decline is expected in the medium term
The positive trend of EUR / SEK observed in the last eight years could have come to an end, according to Rabobank’s currency analysis team, which forecasts that the euro points to 10.30 in anticipation of a decline in the medium term. Key statements “In recent weeks a consensus has been building that the Swedish […]