EUR/SEK poised for consolidation near-term – Danske Bank

FXStreet (Edinburgh) - According to Sverre Holbek, Senior Analyst at Danske Bank, the cross would keep the sideline pattern in the next periods.

Key Quotes

“EUR/SEK traded higher on Tuesday as the market appears to be increasingly concerned about further Riksbank action ahead of the Riksbank meeting on 11 February”.

“The market is now pricing in around 13bp of rate cuts by May”.

“We see EUR/SEK as stuck in a 9.10- 9.50 range where we would expect selling interests to emerge from foreign market participants around 9.40”.