The post EUR/SEK to rebound to the 11.10-11.20 mark over the coming weeks – ING appeared on BitcoinEthereumNews.com.

Riksbank kept rates on hold and the Swiss National Bank cutting another 25bp, ING’s FX analyst Francesco Pesole notes. EUR/CHF to return to 0.950 in the second quarter “On the former, markets had already anticipated that rates had reached the bottom, and the krona was only marginally moved. EUR/SEK remains cheap according to our short-term fair value model and we continue to favour a rebound to the 11.10-11.20 mark over the coming weeks.” “In Switzerland, another SNB cut brought the policy rate to 0.25%. The accompanying statement left all options open, but our economist notes how, for the first time in a long time, the SNB hasn’t had to revise its inflation projections lower. We expect a hold in June and lean towards calling for the end of the easing cycle altogether.”  “As we had anticipated, the Swiss franc dropped on the announcement, but EUR/CHF does not seem to have much bullish steam. Any further rallies should anyway fall short of breaking above 0.970 and our bias for the second quarter remains a return to 0.950.” Source: https://www.fxstreet.com/news/eur-sek-to-rebound-to-the-1110-1120-mark-over-the-coming-weeks-ing-202503211004

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Filed under: News - @ March 21, 2025 10:28 am