SEK remains under pressure ahead of Riksbank – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Sverre Holbek believes the Swedish krona to remain vulnerable in light of the upcoming Riksbank meeting.

Key Quotes

“In Scandies, EUR/SEK remains bid where the market ignores strong Swedish data (January PMI Services rose to 59.3 from 58.0) and focuses on the risks of further Riksbank action”.

“We believe that 9.40 will hold in EUR/SEK ahead of the Riksbank meeting next Thursday but we should edge higher if the central bank cuts by 10bp as we expect up towards 9.50”.

Feb 4, 2016

Draghi: Euro zone will not surrender to low inflation

ECB chief Mario Draghi in his speech in Germany says that he sees no reason for permanently lower inflation. He also stressed that ECB will not surrender to low inflationary pressures.

ECB’s Draghi – will not surrender to low inflation

The European Central Bank (ECB) President Draghi, during his speech in Germany, assured markets the bank will not surrender to low inflation even though it may be the result of global factors.