Forex Flash: Dovish Riksbank minutes hint at rate cut – BBH

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FXstreet.com (Barcelona) - Brown Brothers Harriman analysts suspect that seemingly dovish minutes from Sweden's Riksbank are helping to fan expectations for another rate cut as early as next month.

They write, "The krona was sold off, but the market may be getting ahead of itself. The minutes come from a meeting in which the Riksbank delivered a rate cut. The euro's bounce against the krona comes after the euro fell 3.4% from mid-December through last week. The downside momentum had already eased near SEK8.50, the lower end of its 3-month trading range. Look for euro gains to stall just above SEK8.60."



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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