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Riksbank FX intervention ‘unjustifiable’? – IMF

FXStreet (Edinburgh) - According to the think tank, FX interventions in SEK by the Nordic central bank could be hard to justify.

The FMI also argued that the Riksbank should be ready to act if the situation requires it, while it has also emphasized the strong growth of the Swedish economy.

EUR/SEK is tanking below the 9.4500 handle following the comments, reverting most of yesterday’s gains.

European Monetary Union Industrial Confidence came in at -2.2, above expectations (-3.8) in September

European Monetary Union Industrial Confidence came in at -2.2, above expectations (-3.8) in September
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European stocks attempt a tepid-recovery, Glencore rebounds +11%

Stocks on the European bourses halted its recent downslide and pose a modest recovery as rebounding mining stocks continue to boost regional indices. However, the gains are likely to remain capped as persisting negative global sentiment and Asian equities sell-off continue to weigh on investors’ sentiment.
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