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EUR/SEK – Swedish CPI data slightly stronger than expected

Soft inflation data out of Sweden, m/m core falls -1.0% vs +0.2% previous Market looked for a 1.1% mm fall, yy posted a surprise +0.6% Headline prices fall as well EUR/SEK bid into the data but comes away on profit takin…

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EUR/SEK – Swedish CPI data slightly stronger than expected
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  • Soft inflation data out of Sweden, m/m core falls -1.0% vs +0.2% previous

  • Market looked for a 1.1% mm fall, yy posted a surprise +0.6%

  • Headline prices fall as well

  • EUR/SEK bid into the data but comes away on profit taking

 

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