Key week for the SEK |
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SEK gets another hit as market turmoil spreads to Europe • Interbank risk premia remain elevated as credit markets are still under severe stress and European stock markets fall heavily amid rising concerns about European problems and lack of policy action over the weekend. • Swedish stock market is not faring well (down >5%!), not even on a relative basis, so it's not surprising to see the SEK trading weaker. • Measures announced by Swedish authorities this morning are welcome
Filed under: Technical
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