Daily outlook for SEK: Commerzbank

Quotes from Commerzbank Corporates & Markets:

-SEK: The Swedish central bank will publish the minutes of its rate decision on 12th February today. This is the meeting at which it once again cut rates and announced the purchase of bonds in a surprise move.

-The minutes are unlikely to cause major exchange rate moves, as Riksbank made it very clear that it was prepared to take further action should the downward pressure on inflation increase further.

-A decisive factor in all of this: the external value of the krona. As a result EUR-SEK is limited to the downside. Riksbank is unlikely to shoot itself in the foot by permitting any doubts about its willingness to act.