EURSEK Expected to Rebound within 11.10-11.20 Range in Coming Weeks
Analysts predict that the EUR/SEK currency pair is set to rebound to the 11.10 to 11.20 range in the weeks ahead. This forecast comes on the heels of Riksbank’s decision to keep interest rates on hold while the Swiss National Bank made a cut of 25 basis points. ING’s FX analyst Francesco Pesole emphasizes the potential effects of these monetary policy decisions on currency fluctuation. Investors are encouraged to keep this pair on their radar as developments unfold.