USD/SEK reversed its multi-month-high rally ahead of eventful week

Share: USD/SEK soared to 11.249, its highest since early November 2022. Riskbank is expected to hike 25 bps to 4%. The Fed will likely deliver a hawkish pause. The USD/SEK saw volatility on Monday, rising to a high since November 4, 2022, then settling at 11.122, securing daily losses. The USD trading somewhat soft,

EUR/USD reversed its course after US PMIs and lost the 200-day SMA

Share: After initially rising to 1.0880, the EUR/USD declines to 1.0785, below the 200-day SMA at 1.0815. Manufacturing PMIs from the US showed better-than-expected results. The US DXY index and Treasury yields significantly recovered following the release. Following the release of a mixed Nonfarm Payrolls report, which saw employment rising higher than expected, wages decelerating