EUR/SEK: No much upward potential for the Krona until the end of the year – Commerzbank

The Riksbank delivered in June but was unable to convince the market. Economists at Commerzbank analyze the Swedish Krona outlook.

No upside potential for the time being

Although the Riksbank raised the key interest rate in June, it is not acting decisively enough against inflation risks compared to the European Central Bank. Therefore, the SEK will probably not have much upside potential this year. 

Only next year, when the tide turns in favour of the Riksbank, should the Krona appreciate again.

Source: Commerzbank Research