FXStreet (Edinburgh) – At her speech today, Riksbank Deputy Gorvernor C.Skingsley has emphasized the key role of the Swedish krona regarding inflation forecasts, while she also reiterated that the Nordic central bank is ready to act if needed.
SEK has depreciated to levels above the 9.30 handle vs. the euro following Skingsley’s comments. In the meantime, the cross remains in the area of 4-month lows around 9.30, leaving the door open for the Riksbank to act if SEK continues to gather traction.
(Market News Provided by FXstreet)