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  • Squawk / 14 March 2017 at 8:41 GMT
    Head of FX Strategy / Saxo Bank
    Denmark
    Strong Swedish CPI surge sees EURSEK punching lower. We got a spectacular bearish reversal yesterday in EURSEK after the broader Euro squeeze late last week on all of the ECB developments. But with today's Feb. Core Swedish CPI reading hitting 2.0% year-on-year in Feb. after 1.6% in Jan. (highest since December 2010), the Riksbank can feel more comfortable in climbing down from its extremely accommodative stance. EURSEK has punched through 9.50 on this data release and could test the recent lows and even below 9.40.
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  • Calendar event / 14 March 2017 at 8:30 GMT

    SE CPI

    forecast
    actual
    Med CPI, M/M%
    +0.7%
    +0.7%
    Med CPI, Y/Y%
    +1.7%
    +1.8%
  • Article / 09 March 2017 at 9:06 GMT

    FX Update: ECB in the crosshairs as Draghi faces tall task

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: ECB in the crosshairs as Draghi faces tall task
    At today’s European Central Bank press conference, ECB president Mario Draghi faces the tall task of insisting that bank's policy is going nowhere for now and that the recent growth and inflation pickup across Europe won’t have near-term signaling implications for ECB guidance. Can he succeed?
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    09 March
    Anthony Marks Anthony Marks
    Hi John, if Draghi alters the capital key towards the periphery, wouldnt that be initially euro supportive or maybe not?
    09 March
    John J Hardy John J Hardy
    Not entirely sure, Anthony. The key is what the world thinks will happen with peripheral spreads if the ECB supposedly tapers or ceases asset purchases beyond...
    09 March
    Anthony Marks Anthony Marks
    Thanks very much John. When that day comes, heaven help us all!
  • Article / 08 March 2017 at 8:57 GMT

    FX Update: US jobs data, tomorrow’s ECB in focus as volatility wilts

    Head of FX Strategy / Saxo Bank
    Denmark
    FX Update: US jobs data, tomorrow’s ECB in focus as volatility wilts
    Trading ranges are uninspiring as the FX market is at a loss for themes and doesn’t anticipated that US data or a Fed rate hike next week will move the needle. Still, some expectations have been built into Thursday's European Central Bank meeting, which should mean some volatility during and after ECB president Mario Draghi’s press conference.
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  • Calendar event / 28 February 2017 at 8:30 GMT

    SE GDP

    forecast
    actual
    Med Workday Adj, Y/Y%
    +2.6%
    +2.3%
    Med GDP-SA, Q/Q%
    +1.1%
    +1%