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EUR/SEK: Draw predicament at 11.60 in 6-365 days – Danske Financial institution

Last year ended on a exact unique for the Swedish Krona (SEK). Economists at Danske Financial institution analyze EUR/SEK outlook.

World macro cycle doesn’t bode smartly for the SEK in 2024

The cyclical backdrop stays a headwind for the SEK amid subpar and even recession-love European development outlook. 

The Riksbank is now not going to chase the ECB in the easing cycle, which leaves the SEK in a vulnerable living. Repricing of central banks would possibly well perhaps merely wound threat sentiment. 

The structural flows convey remains to be a medium-term headwind for the SEK. 

Might perchance perhaps also merely nonetheless the realm economy exhaust up bigger than expected in 2024, this would perhaps lend strengthen to the SEK over the medium term.

Forecast 11.20 (1M), 11.40 (3M), 11.60 (6M), 11.60 (12M)

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