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Swedish Krona SEK

 

Detailed information and fundamental factors

Central Bank: Sveriges Riksbank

Interest Rate: -0.25%

Public Debt to GDP Ratio, 2017: 39%

Trade Balance, 2017: $14.9 bln.

Inflation, 2017: 1.6%

Sovereign Credit Ratings:

Fitch
AAA
Stable
Moody's
Aaa
Stable
S&P
AAA
Stable

Factors of Weakness

Dependence on the eurozone

Negative interest rates

weak

The Swedish krona is the currency used in Sweden. It was introduced in 1873 when the Scandinavian Monetary Union was formed. The Union was dissolved after the World War I has started in 1914. Sweden, Denmark and Norway decided to retain their currencies, though they were no longer pegged to gold. Sweden introduced a managed float regime in 1992. The country planned to join the eurozone, but a referendum showed that the majority of Swedes were against the introduction of the euro.



Swedish Krona News Archive

Swedish Krona Rises for First Day in Five After Economic Data

The Swedish krona rose today after falling for four days in a row. Decent domestic macroeconomic data helped the currency.

Swedish Krona Tumbles After Central Bank Delays Rate Hike

The Swedish krona tanked against other currencies today after Sweden’s central bank signaled that the planned interest rate hike will happen later than it was previously expected.

USD/SEK Edges Higher Ahead of This Week’s Riksbank Meeting

The Swedish krona fell against the US dollar a bit today ahead of this week’s monetary policy meeting of Sweden’s central bank.

USD/SEK Falls Despite Swedish CPI Miss

Sweden’s consumer inflation missed market expectations, but that did not prevent the Swedish krona from gaining on the US dollar. The possible reason for that was the fact that US underline inflation also failed to meet expectations.

Krona Gains as Sweden’s Economic Growth Beats Expectations

The Swedish krona gained today after data showed that the nation’s economy expanded last quarter two times the forecast amount.

Swedish Krona Plunges After Inflation Slows Unexpectedly

The Swedish krona tanked today after nation’s inflation slowed unexpectedly last month, threatening the central bank’s plans to raise interest rates.

USD/SEK Rises Despite Prospects of Higher Interest Rates in Sweden

The Swedish krona behaved today similarly to yesterday, gaining on the US dollar intraday but falling afterwards. Yesterday, Sweden’s central bank left interest rates unchanged but signaled about prospects of a hike in the second half of this year.

Swedish Krona Climbs After Riksbank Raises Interest Rates

The Swedish krona jumped today after the nation’s central bank decided to reduce monetary easing, raising its benchmark repo rate.

Swedish Krona Drops After Riksbank Pushes Back Rate Hike Date

The Swedish krona dropped today after Sweden’s central bank kept its benchmark repo rate unchanged and pushed back the planned rate hike to a later date.

Krona Rallies As Swedish GDP Beats Expectations

The Swedish krona rose sharply today after Sweden’s economic growth surprised the market, beating expectations.

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