9.493
Today
+0.63%
5 Days
-0.70%
1 Month
-1.57%
6 Months
+4.75%
Year to Date
+3.10%
1 Year
-1.03%
Opening Price
9.422Previous Closing Price
9.431BNY Mellon’s Geoff Yu reports the Swedish Riksbank left its policy rate at 1.75%, judging the stance well balanced amid stronger growth and inflation but a softer labor market. Underlying inflation is near 2% and summer readings beat forecasts.
Commerzbank’s Antje Praefcke expects the Sweden’s central bank, the Riksbank, to leave its policy rate at 1.75% and maintain a hawkish tone similar to June’s statement.
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Riksbank to keep its policy rate at 1.75% for a seventh consecutive meeting while leaving the door open to a later hike as inflation runs above projections.
BNY's Wee Khoon Chong note Sweden’s Riksbank appears comfortable with its current policy stance as inflation stays below target, leaving two hikes in the repo path mainly as a risk acknowledgment.
ING’s FX Strategist Francesco Pesole notes Sweden’s core CPIF excluding energy rose to 0.6% in July, giving the Swedish Krona (SEK) a modest boost, while headline inflation slowed as expected.
Rabobank’s Senior FX Strategist Jane Foley notes that benign Consumer Price Index (CPI) and CPIF inflation leave Sweden and the Riksbank better positioned than many G10 peers to delay rate hikes despite supply disruptions from the Iran war.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
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Rebound towards 9.4946
below 9.4137, expect 9.3846 and 9.3673.
Rebound towards 9.4946
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