DANSKE BANK TRADING RANGE MOVES LOWER

EUR/SEK broke down through the 9.30 level Wednesday following Riksbank Deputy Governor Martin Floden's comments that SEK intervention 'feels rather remote' and that it 'ought to take quite a lot' to intervene in the FX market, notes Danske Bank. As such, the trading range for EUR/SEK has moved lower to 9.20-9.45 from 9.30-9.60 previously, and a test of the downside could occur into the ECB meeting on Dec. 3, Danske adds. "Still, we expect aggressive ECB easing will be followed up by Riksbank action on 15 December." EUR/SEK trades at 9.2977. (dominic.chopping@wsj.com)