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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, 2018: $17.4 bln.

Inflation, 2018: 2%

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 Rallies After Inflation Beats Expectations

The Swedish krona rallied against its major rivals today. That included the Great Britain pound, but the sterling has managed to rebound by now thanks to the positive Brexit headlines. The main reason for the krona’s rally was better-than-expected inflation data.

Swedish Krona Drops After Disappointing Retail Sales Report

The Swedish krona dropped today after the release of an extremely disappointing retail sales report.

Swedish Krona Weak After Jump of Unemployment Rate, Riksbank Monetary Policy Minutes

The Swedish krona was extremely vulnerable today after the unemployment rate jumped to the highest level in four years and the central bank signaled that it will likely delay the planned interest rate hikes.

Swedish Krona Rises After Riksbank Maintains Interest Rates

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 Strong After Riksbank Leaves Rates Unchanged

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

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.

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