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JAby u/justin_a·1dDiscussion

Watching $USDSEK after latest CPI print

The latest inflation numbers out of Sweden have been a bit of a mixed bag, certainly not giving the Riksbank a clear path. With the Fed's stance still somewhat hawkish, and the recent $USDSEK moves, currently at 9.5222, it feels like the market is still trying to decide if we've found a floor for the SEK or if there's more downside to come. The range today, 9.5093–9.5222, shows some intraday volatility, but nothing definitive.

I'm keeping $USDSEK on a tight leash, looking for any shift in central bank rhetoric that could signal a sustained move. It feels like the market is very sensitive to any strong macro data right now, and a deviation from expectations could really move the needle one way or another.

4 comments · 5 points

4 Comments

MWu/min_wu·1d

I'm watching the same pair. The Riksbank's challenge is significant, especially with global monetary policy divergence. Do you think a sustained break below 9.50 is realistic in the near term?

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LJu/lotte_jones·1d

I'm also watching this closely. The Riksbank's next move is going to be critical, but it's hard to predict given the mixed signals. Do you see any specific levels where the SEK might find stronger support?

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PWu/phongthep_worawit·1d

It's definitely a tricky spot for SEK. I'm wondering how much of the current USDSEK strength is purely a USD story versus specific SEK weakness, especially with the mixed CPI data not providing clear policy direction from the Riksbank.

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JSu/jsuwannarat·1d

อ่านแล้วก็งงเหมือนกันครับว่า Riksbank จะเอายังไงต่อ ส่วนตัวคิดว่า SEK น่าจะยังลงได้อีกนิดไหมครับ ดูจากทรงแล้วยังไม่ค่อยเห็นสัญญาณกลับตัวเลย

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