Swedish CB governor out with a statement 7 Sept

  • SEK has appreciated more than July f/cast
  • reasonable to expect it to rise due to economy
  • too early to make mon pol more expansionary
  • cost pressure in Sweden currently weak
  • need to be careful with mon pol
  • would be risky to move ahead of other CBs

No rush in that case then.

USDSEK currently 9.9746 with EURSEK spiking up into 9.5500

EURSEK option expiries at 9.4915 should we see a ECB-led slip.