US Greenback Outlook, USD/SEK Technical Evaluation, Riksbank – TALKING POINTSUS Dollar could fall vs Swedish Krona on Riksbank pr
US Greenback Outlook, USD/SEK Technical Evaluation, Riksbank – TALKING POINTS
- US Dollar could fall vs Swedish Krona on Riksbank price resolution
- Powell commentary could amplify threat urge for food, push SEK greater
- USD/SEK technical outlook factors to bearish correction forward
RIKSBANK RATE DECISION
The Riksbank is predicted to carry charges at zero % after it exited from negative territory in December of last year. Barring any important adjustments to the outlook, Swedish policymakers intend on holding rates of interest for the subsequent few years. Nevertheless, they could be pressured rethink sub-zero lending charges if financial circumstances deteriorate to such an extent that it warrants further easing.
Officers could give a barely extra optimistic outlook from a macro-fundamental perspective in regard to world affairs. The détente in US-China commerce pressure and tepid fears of a no-deal Brexit have improved sentiment alongside a world-wide pattern of financial stabilization. For the cycle-sensitive Swedish Krona, that is definitely a welcome change of tempo after affected by political turbulence in 2019.
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Feb 17
( 04:02 GMT )
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