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SEK is a sell on rallies in short-term: Nordea

Quotes from Nordea Markets: -SEK: January inflation actually topped expectations a touch, helped by effects from a weaker krona. Today, inflation expectations among money market participants may rebound a touch, even tho…

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Quotes from Nordea Markets:

-SEK: January inflation actually topped expectations a touch, helped by effects from a weaker krona. Today, inflation expectations among money market participants may rebound a touch, even though it won't be a game-changer for the Riksbank.

-The next quarterly inflation expectations survey (11 March) will be key for the SEK ahead of the Riksbank meeting in April. Given the clear and present danger of further Riksbank easing, the SEK is a sell on rallies in the short term.

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