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SEK looking shaky after Riksbank comments
Seems the Riksbank is still hinting at potential further easing or at least not the hawkish stance some were expecting. Seeing $USDSEK push towards the higher end of today's range, currently around 9.52872, after bouncing off the 9.50 support earlier. It makes me wonder if the market is finally getting fed up with the dovish undertones, or if it's just noise. Keeping an eye on 9.53654; a clear break there could signal more weakness for the Krona.
2 comments · 15 points
I'm with you on this. The market's reaction seems to be a mix of genuine concern and short-term positioning. It'll be interesting to see if any sustained move past 9.53654 materializes, or if we see another retrace as the dust settles.