Daily outlook for Scandi FX: Danske Bank

Quotes from Danske Bank:

-In the Scandi FX markets, monetary policy will also be in focus today as the Riksbank releases minutes from its monetary policy meeting on 11 February when it unexpectedly decided to cut interest rates and announced a SEK10bn QE programme.

-In our view, the Riksbank's ambitions to fight any disinflationary tendencies should not be underestimated. It is ready to do more and we expect another 10bp within 6M and we therefore see mainly upside risks to EUR/SEK over the coming months.

-Focus will be directed toward inflation and inflation expectations - pivotal data that could trigger unscheduled action by the Riksbank. We target EUR/SEK at 9.70 in 3M.