SEK: Another week of range-bound trading – ING

Analysts at ING don’t expect the potential dovish tilt to the ECB meeting (Thu) to have a negative impact on EUR/SEK as the cross has been relatively immune to the ECB QE outlook re-pricing.

Key Quotes

“On the Swedish domestic data side, the focus turns to the Swedish inflation expectations (Wed), the Jan Economic Tendency Survey (Thu) and Dec retail sales (Fri). We don’t expect the data to effect SEK either, suggesting a rather neutral outlook for EUR/SEK this week.”