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SEK: Still looking for the correction lower - ING

Analysts at ING continue to see the recent EUR/SEK upside as an overreaction, with the cross trading 1.5% rich versus its short-term fair value.

Key Quotes

“Given the current attractive levels and what is likely a relatively cleaner positioning (following the SEK sell-off), we expect EUR/SEK to stabilize below the 9.80 level.”

“As per the data points, the focus will be on Riksbank Minutes (Thu). Given the October Riksbank meeting took place before the ECB meeting, we don’t look for signs of pre-commitment on the pace of QE (extension vs an end).”

 

Market response to November RBA rate decision - Westpac

With the RBA maintaining the same commentary on the exchange rate i.e. that “an appreciating exchange rate would be expected to result in a slower pic
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Forex Today: Aussie capped by 0.77 post-RBA, Eyes on ECB Draghi’s speech

Forex today witnessed yet another dull Asian session, in absence of key first-tier data. However, the US dollar managed to stage a minor rebound acros
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