Krona to struggle to regain ground while the market is dominated by risk aversion – Commerzbank

On Tuesday, EUR/SEK only dipped briefly before returning to the 10.60 level. Economists at Commerzbank expect the Swedish krona to remain under pressure as risk aversion dominates. SEK to benefit from a hawkish Riksbank if recession fears abate “While the market is dominated by risk aversion SEK will struggle to regain ground. Even if the … Read more

Restrictive Riksbank unable to lift the krona as ECB starts hiking cycle – Commerzbank

Krona losses in May were overdone and have already been partially corrected. A tighter stance by the Riksbank should be able to give SEK some upward momentum in the short term. But since the ECB will probably also carry out the first interest rate hikes in July, further upside potential is limited, economists at Commerzbank … Read more