SEK remains vigilant on politics – Danske Bank

Piet Christensen, Senior Analyst at Danske Bank, noted the influence of domestic politics on the prospects for SEK.

Key Quotes

“EUR/SEK is trading north amid continued political turmoil in Sweden and USD/SEK breaching above 9.00 again”.

“With Kristersson trying to form a government and with ‘trench warfare’, the political risk premium in the SEK could rise further in the near term”.

“Things are likely to become clearer in the coming week regarding the PM vote and budget support”.