Sweden’s Riksbank delivers a 25bp rate cut, likely marking the end of its easing cycle, ING's FX analyst Francesco Pesole notes.

Gradual EUR/SEK depreciation in the coming month

"Sweden’s Riksbank cuts rates by 25bp. In our view it will be the last move of the cycle.

"The krona’s limited reaction to geopolitical risk reinforces its new role as a stable currency, and we still expect gradual EUR/SEK depreciation in the coming months."

Source: Fxstreet