Analysis: UBS Anticipates Further EURSEK Target Increases Following Riksbank Cut and Inflation Concerns

Key Takeaways

  • πŸ’΅ UBS raises EURSEK targets due to Riksbank interest rate cut
  • πŸ“ˆ UBS maintains favorable view towards Norwegian Krone (NOK)
  • πŸ“Š UBS advises investors to buy NOKSEK on dips to 0.9850 with target at 1.0260
  • πŸ“‰ Revised forecasts now predict EURSEK reaching 11.80 by Q2 2022
  • πŸ“‰ The decision is influenced by Riksbank cut and investor positioning
  • πŸ“ˆ UBS predicts the pair to take a bullish stance in the near future
  • πŸ’° Swedish Riksbank may implement more interest rate cuts if inflation remains low
  • πŸ“‰ Market analysis on the Australian dollar’s bullish trajectory
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  • πŸ’Ά UBS revised its outlook on the Swedish Krona (SEK) to moderately bearish due to Riksbank’s rate cut
  • πŸ“‰ UBS adjusted EURSEK exchange rate targets to 11.80 by Q2 2023, 11.90 by end of 2024, and 11.60 by end of 2025
  • πŸ‘€ SEK vulnerable to imported inflation, US dollar strength, and policy divergence with ECB
  • πŸ‡³πŸ‡΄ UBS maintains positive view on Norwegian Krone (NOK) after budget revision
  • πŸ’Έ UBS advises buying NOKSEK on dips to 0.9850 with target at 1.0260 and stop loss at 0.9720

UBS’s Currency Market Insights

UBS, a leading global financial services firm, has recently made significant updates to its outlook on various currency pairs. The decision to raise EURSEK targets was a direct result of the interest rate cut by the Swedish Riksbank, signaling potential shifts in the market. With revised forecasts now predicting a bullish trajectory for EURSEK in the near future, investors are advised to pay close attention to this pair.

On the other hand, UBS maintains a positive view towards the Norwegian Krone (NOK) after a budget revision, highlighting the potential strength of this currency. The firm suggests buying NOKSEK on dips, with specific target levels and stop losses in place to manage risk effectively.

Overall, UBS continues to provide expert insights and analysis for its members, offering support and assistance during trading hours. As the currency market landscape evolves, UBS remains a valuable resource for investors seeking to navigate these changes successfully.

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