The Swedish krona rallied today after Sweden’s central bank left its benchmark repo rate unchanged but continued to anticipate a rate hike in the future.
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%
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 Strong After Riksbank Leaves Rates Unchanged
July 3, 2019 at 16:24 Swedish Krona
2 Comments
The Swedish krona gained today after the nation’s central bank decided to keep interest rates unchanged and signaled about possibility of a hike in the future.
Swedish Krona Rises for First Day in Five After Economic Data
April 26, 2019 at 15:36 Swedish Krona
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
April 25, 2019 at 10:43 Swedish Krona
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
April 22, 2019 at 10:49 Swedish Krona
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
March 12, 2019 at 15:04 Swedish Krona
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
February 28, 2019 at 21:47 Swedish Krona
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
February 19, 2019 at 14:33 Swedish Krona
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
February 14, 2019 at 13:29 Swedish Krona
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
December 20, 2018 at 17:54 Swedish Krona
The Swedish krona jumped today after the nation’s central bank decided to reduce monetary easing, raising its benchmark repo rate.