Europe | FX | Monetary Policy & Inflation
The 10AM Moves in SEK Are Misleading
- By Ben Ford
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- 1 min read
There are suggestions that the 10AM moves in SEK are (somewhat) driven by the start of Riksbank FX hedging. That may be true. However, it is probably more a catalyst that has helped a washout in positioning. And, if anything, I think it helps the fundamental case for EUR/SEK higher. Here’s why:
There are suggestions that the 10AM moves in SEK are (somewhat) driven by the start of Riksbank FX hedging. That may be true. However, it is probably more a catalyst that has helped a washout in positioning. And, if anything, I think it helps the fundamental case for EUR/SEK higher. Here’s why:
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