In Tuesday’s session, the USD/SEK rose to a high of 10.9485 and then consolidated near 10.9050 as bullish momentum seemed limited. The Greenback recov
USD/SEK rose to a daily high of 10.9485and settled near 10.9050. The pair lost nearly 1% on Tuesday, driven by dovish remarks from Fed officials.
minutes from September didn’t reveal any surprises; the bank will still proceed “carefully”. Focus set on the US and Sweden’s September CPI figures to be released this week. In Tuesday’s session, the USD/SEK rose to a high of 10.9485and then consolidated near 10.9050 as bullish momentum seemed limited.
minutes revealed that members are considering the lags of financial tightening and the recent data volatility, confirming that the upcoming decisions will be decided “carefully”. On the other hand, the Riksbank’s September minutes warned that rates might need to be raised further beyond 4%. For the US side, inflation figures will be published on Thursday with theheadline and core Consumer Price Index figures are expected to decline to 3.6% and 4.
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