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HWby u/hugo.weber·33mAnalysis

Riksbank hiking again and SEK reaction

Saw the Riksbank hiked 25bps as expected. Funny, the immediate reaction on $USDSEK barely gave a damn, still hovering around 9.51. Clearly, the market had this priced in ages ago, or the move was too small to budge the broader USD strength. I'm keeping a close eye on any follow-through downside on $USDSEK, but honestly, it feels like this pair needs a bigger macro catalyst than a rote hike to break out of its recent range. My bias remains slightly bearish on $USDSEK but I'm waiting for a convincing break.

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