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Add as a preferred source on Google FxWirePro: EUR/SEK bounces on softer Sweden inflation data EUR/SEK spiked from 9.3385 to 9.3867 after Sweden inflation data came in weaker than expected Sweden June headline -0.4% y/y vs -0.3% forecast, core +0.6% y/y vs +0.7% expected CPI release is significant given the Rikban…
Jul 14, 2015, 7:58 AM UTC
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EUR/SEK spiked from 9.3385 to 9.3867 after Sweden inflation data came in weaker than expected
Sweden June headline -0.4% y/y vs -0.3% forecast, core +0.6% y/y vs +0.7% expected
CPI release is significant given the Rikbank's heightened sensitivity to inflation data
Riksbank cut policy rate by 10-bp to -0.35% early in the month, and could go again
Resistance is seen at 9.4110 (Jul 13 high), while daily Tenkan-Sen by 9.3209 offers strong support
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