Saturday, 15 December 2012

Long Krona Is Good Value - Danske Bank


Long Swedish krona is good value against the majors, after falling to its lowest levels against EUR since July, Danske Bank says. It adds that a rate cut from the Riksbank next week is almost fully priced in, and this should be the last. EUR/SEK is now at 8.7830, its highest since early July. NOK/SEK trades at 1.1880. The bank says levels above 1.19 are worth shorting.

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