SEB paints bright US economic picture

CURRENCY FORECASTS

Henrik Degrér, senior portfolio strategist at SEB in Stockholm, said the bank agrees with the Fed's rosy assessment of the economic outlook and concludes that the policy rate will have to rise further.

"The situation in Europe differs, with much lower growth and more subdued inflation," Degrér said. "Consequently, the European Central Bank (ECB) has been obliged to maintain low policy rates. Since interest rate differentials have been (and remain) the foreign exchange market's main driver, we

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