Analysts at MUFG Bank forecast the EUR/SEK to edge modestly higher to 11.900 by the end of the third quarter, and to drop later to 11.500 by the first
The krona has re-weakened in August giving back all of the gains recorded in July. It has resulted in EUR/SEK hitting a new record high of 11.963 in August as it moved above the Global Financial Crisis high at 11.790 from March 2009. The krone has been undermined by the recent deterioration in global investor risk sentiment.
The krona remains vulnerable to further weakness in the near-term, but we still expect a rebound in the year ahead. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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