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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 Drops as Deflation Worsens

The Swedish krona dropped today as data revealed that deflation worsened last month in Sweden, increasing probability of monetary easing from the nation’s central bank.

Swedish Krona Rises, Ignoring QE Talks

The Swedish krona rose today despite speculations about possibility on quantitative easing from the nation’s central bank. The positive market sentiment was likely responsible for gains of the currency.

Riksbank Surprises with Big Interest Rate Cut, Swedish Krona Plunges

The Swedish krona crashed today as the nation’s central bank cut its repo rate more than analysts have expected and promised to keep it low till the end of the next year. The bank also cut its growth and inflation estimates.

Krona Falls Even as Swedish Consumer Confidence Improves

The Swedish krona fell today even as Sweden’s consumer confidence rose this month. The currency logged losses as some other indicators, including the ones for the economic tendency and manufacturing, worsened.

Krona Rallies as Sweden Exits Deflation

The Swedish krona rallied today as the country’s economy exited deflation, while the number of employed persons continued to grow, suggesting that the economy fares well.

Swedish Krona Declines with Contracting Industrial Production

The Swedish krona declined today after a report showed that nation’s industrial production contracted in October, frustrating experts who have expected an increase of the indicator.

Sweden Krona Falls with Shrinking GDP

The Sweden krona fell after the official data showed that the nation’s economy contracted last quarter, making investors less interested in Sweden assets.

Swedish Krona Drops as Interest Rate Cut Remains Possible

The Swedish krona dipped today as the central bank left interest rates unchanged, but some policy makers were arguing that lower rates are necessary to facilitate economic growth.

Accelerating Inflation Reduces Chances of Rate Cut, Makes Krona Stronger

The Swedish krona rose today as consumer inflation accelerated last month, reducing incentive for the central bank to cut interest rates that are already quite low.

Swedish Krona Firm Despite Falling Producer Prices

The Swedish krona rose today even as producer prices fell last month, supporting the view that lower interest rates are necessary.