Swedish Krona Could Rise Modestly if Riksbank Lifts Rates
Dow Jones11-03
1444 GMT - The Swedish krona should rise slightly if the Riksbank delivers a 25-basis-point interest-rate increase on Wednesday, Monex Europe analysts say in a note. "With markets pricing a 73% probability of a hike as of writing, delivery should lift the krona modestly." However, sustained krona appreciation would require guidance from the Riksbank that supports the pace of tightening priced, they say. Markets price 60 basis points of tightening by March, LSEG data show. The euro rises 0.2% to 10.9628 kronor.
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