Chart Analysis: EUR/SEK

Wednesday, December 2, 2009

From a valuation perspective, the EUR/SEK looked stretched recently, as it tried to break above the previous 10.52 area high from early November.

The sell-off here looks justified, considering the easing of the fallout from the Dubai crisis in the world forex market, as well as a look over at the sovereign CDS market, where intra-EuroZone debt stresses are beginning to reappear, while the world looks very unconcerned with the quality of Swedish sovereign debt.


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