2 Jul 2015
EUR/SEK in fresh highs post-Riksbank
FXStreet (Edinburgh) - The Swedish krona is rapidly depreciating vs. the euro on Thursday, taking EUR/SEK to multi day peaks above 9.3600.
EUR/SEK higher on Riksbank rate cut
The cross saw its upside sharply renewed after the Riksbank unexpectedly lowered its benchmark rate deeper into the negative ground to -0.35% vs. -0.25% initially estimated.
The Nordic central bank also incremented its bond-buying programme to SEK45 billion, starting in September until end of 2015.
EUR/SEK key levels
The cross is now up 1.06% at 9.3628 facing the next hurdle at 9.3919 (high Jun.8) ahead of 9.4198 (high Jun.3) and then 9.4253 (high Jun.2). On the downside, a breach of 9.2164 (low Jul.1) would aim for 9.1983 (low Jun.30) and finally 9.1707 (low Jun.18).
EUR/SEK higher on Riksbank rate cut
The cross saw its upside sharply renewed after the Riksbank unexpectedly lowered its benchmark rate deeper into the negative ground to -0.35% vs. -0.25% initially estimated.
The Nordic central bank also incremented its bond-buying programme to SEK45 billion, starting in September until end of 2015.
EUR/SEK key levels
The cross is now up 1.06% at 9.3628 facing the next hurdle at 9.3919 (high Jun.8) ahead of 9.4198 (high Jun.3) and then 9.4253 (high Jun.2). On the downside, a breach of 9.2164 (low Jul.1) would aim for 9.1983 (low Jun.30) and finally 9.1707 (low Jun.18).