Sweden’s Krona Down Further on Economic Outlook
The Swedish currency has been one of the biggest losers in the European currency market as producer prices declined again in September, raising concerns towards the economic recovery in the country.
Since Riksbank affirmed that interest rates in Sweden will continue at record low levels to stimulate the economic growth in the Nordic country, the krona has been having negative sessions which aggravated today after producer prices fell in September, evidencing the fragility of the Swedish economy.
USD/SEK closed today at 6.9705 from an opening rate of 6.8691.
If you want to comment on the Swedish krona’s recent action or have any questions regarding this currency, please, feel free to reply below.
Earlier News About the Swedish Krona:
- Swedish Krona on Interest Rate Forecasts (2009-10-23)
- Swedish Krona Declines on Extended Loans (2009-09-03)
- Swedish Krona Down on Central Bank Surprise (2009-07-02)
- Swedish Krona at Six-Week Low as Concerns Rise in Latvia (2009-06-04)
- Swedish Krona Near 5-Year Low on Rate Cut (2008-12-04)
