Swedish Krona still vulnerable ahead of Riksbank meet

Sweden's Riksbank meets this Thursday, 11th February to decide its monetary policy settings. Economists are split 50/50 on no change in rates or a 10-15bp cut. The easing is broadly priced in, market is now pricing in around 8bp cut for the Riksbank meeting on 11 February.

EUR/SEK continued its march higher as the Swedish krona remained vulnerable in light of next week's Riksbank meeting. It is trading at around 9.4310 levels at the time of writing as at 0700 GMT on Monday.

"We expect the Riksbank to cut by 10bp and hence the easing is broadly priced. Expect EUR/SEK to stabilise ahead of 9.50 and gradually head lower", said Danske Bank in a report.