Lower CPI reading puts pressure on SEK

Swedish CPI (M/M) Apr: 0.3% (est 0.4%; prev 0.1%)

- CPI (Y/Y) Apr: 3.9% (est 4.0%; prev 4.1%)

The SEK is losing against the EUR after a lower-than-expected CPI inflation reading. Lower inflationary pressures may encourage Riskbank to pursue a more dovish monetary policy in the medium term, hence we are seeing downward pressure on the SEK.

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