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Investing.com - UBS has extended its end-of-quarter forecasts for the EUR/SEK currency pair by one quarter, maintaining targets of 10.80, 10.70, and 10.60 through the second quarter of 2026, while adding a new target of 10.50 for September 2026.
The bank cites offsetting factors affecting the Swedish krona, with the Riksbank’s continued easing bias and Sweden’s exposure to tariffs being counterbalanced by supportive European fiscal measures and global monetary easing, which provides room for SEK strength.
UBS expects the EUR/SEK downward trend to continue through the remainder of 2025 and into 2026, though it notes this decline will likely proceed at a slower pace than previously anticipated.
In the current market environment, UBS indicates a preference for using volatility to gain exposure at more favorable levels for trading the currency pair.
The bank specifically recommends selling the upside in the EUR/SEK pairing, noting resistance above the 11.20 level in its currency outlook.
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