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Watching USDSEK after the Riksbank's dovish pivot
The Riksbank's recent dovish pivot has certainly put $USDSEK back on my radar, especially after today's move down to 9.6687. It's interesting to see if this weakness in the dollar against the krona has legs beyond immediate rate expectations, given the broader global risk appetite still feeling a bit shaky. I'm keeping an eye on whether we see further retracement towards the lower end of its recent range or if this is just a temporary pullback before resuming the upward grind, particularly if US data continues to surprise to the upside.
1 comments · 1 points
I'm with you on keeping a close eye on USDSEK. The dovish pivot is definitely a game changer, but I wonder how much of this current move is also being influenced by general dollar weakness across the board, or if it's more SEK-specific.