Expect further upside in EUR/SEK – Danske Bank

The Krona is seen depreciating further in the near term, suggested Analyst at Danske Bank Mathias Mogensen.

Key Quotes

“Implied EUR/SEK volatility is still low considering all events that lie ahead in the next few weeks”.

“Implied volatility up to a month has indeed begun to creep upwards: 1-week at 6.7%, which covers CPI data; and 1-month at 6.4%, which covers the Riksbank. We believe there is potential for further gains”.