Recommended by: JPMorgan, Bank of America, BNP Paribas, RBC Capital Markets, Danske Bank
Banks do have other recommendations besides dollar trades. Swedish economic data have exceeded forecasts more than any other G-10 nation, Bank of America analysts wrote Dec. 11. That’s going to set up the currency for a bounce next year.
“With Sweden posting solid growth numbers, excess capacity in the economy limited, and inflation likely to pick up in 2016, markets are likely to be increasingly skeptical of the Riksbank’s capacity to match ECB easing measures," wrote BNP analysts including Steven Saywell, global head of foreign-exchange strategy in London.
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