EUR/SEK bounces off 9.2350

The cross has gathered further upside pressure after disappointing results from the Swedish docket, with Consumer Confidence and Manufacturing Confidence both coming in below expectations for the current month.

Further releases saw Producer Prices contracting at a monthly pace of 0.9% in April and the trade surplus widening to SEK 4.40 billion during the same perod.

In the meantime, the cross navigates the area of 3-week lows in response to the recent SEK appreciation, which seems not to be a major concern for the Riksbank anymore.