STOCKHOLM — Some of Scandinavia’s biggest banks are warning investors not to underestimate the risk that the central bank is preparing to intervene in the currency market.Nordea and SEB both say the Riksbank will not allow the krona to strengthen beyond nine krona against the euro. It traded at 9.187/€ on Friday. The prediction follows a warning last Wednesday from the central bank that it is ready to act if the krona's strength gets in the way of its 2% inflation target."The Riksbank decided to act pre-emptively after seeing strong domestic data of late and also to stave off any speculators who might want to drive the krona stronger," said Anders Ekloef, a currency strategist at Swedbank."There are clear references to currency interventions in their press release and it seems they are less willing to lower rates at this point."After all, it’s the currency that’s their main problem."With a benchmark interest rate already at an historic low of -0.35% and several rounds of bond purcha...
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