Riksbank's Floden: Recent data has surprised a little on the upside

Riksbank’s, Sweden's Central Bank, Deputy Governor Martin Flodén said on Tuesday that the recent macroeconomic data has surprised a little on the upside and added that the GDP has been a bit stronger than expected as well, per Reuters.

However, Flodén further noted that the outlook is not quite as bright as it was before the last monetary policy meeting, partly due to the COVID situation.

Market reaction

With the initial reaction, the EUR/SEK pair edged slightly higher and was last seen trading flat on the day at 10.1647.