EUR/SEK remains slightly above 11.40. Economists at Société Générale analyze the pair’s outlook.
NOK/SEK could be poised to build gains
EUR/SEK could target a return to 11.55.
The SEK faces a potential headwind from the 2.5bn EUR positive, SEK negative month-end equity index rebalancing flow. The Riksbank stepped up Euro sales last week to €201m for reserve hedging purposes.
NOK/SEK could be poised to build gains if Oil prices rally following OPEC+.
See: EUR/SEK should be able to hit 11.00 before year-end 2024 – ING
Source: https://www.fxstreet.com/news/eur-sek-could-target-a-return-to-1155-socgen-202311270902