Daily outlook for EUR/SEK: Nordea

Quotes from Nordea Markets:

-Swedish Q4 GDP data might also attract some attention. We expect 0.6% q/q and 1.6%y/y, which are slightly above consensus estimates of 0.5% q/q and 1.5% y/y.

-However, for the time being focus will be on inflation and inflation expectations - pivotal data that could trigger unscheduled action by the Riksbank.

-Hence, we still expect the SEK to trade with a 'Riksbank risk premium' in the coming months, targeting EUR/SEK at 9.70 in 3M.