Losses in the koruna over the past week exceeded those of all other G10 currencies. ING economists note that the path to SEK recovery remains very narrow and depends almost entirely on market dynamics.
He is in the market to turn things around for Krona
“The near-term outlook remains bleak and it will be almost entirely up to market dynamics to change the koruna’s evolution.”
“We think EUR/SEK could trade in a volatile 11.40/11.60 band until and shortly after the Riksbank meeting on June 29.”
“The best news for the SEK would probably be a positive surprise in the May inflation numbers, which could help the Riksbank sound hawkish.”