The Swedish Krona gained today after touching the highest level in a week against the US dollar yesterday as the speculation that the US economy is recovering returned risk appetite to the Forex market to some degree.
Swedish Krona SEK
Detailed information and fundamental factors
Central Bank: Sveriges Riksbank
Interest Rate: 1.75%
Public Debt to GDP Ratio, 2010: 39.7%
Trade Balance, 2010: $10.9 bln.
Inflation, 2010: 1.3%
Factors of Weakness
Dependence on the eurozone
Swedish Krona News Archive
Swedish Krona Goes Up to Weekly Record
December 20th, 2011 at 12:42
Swedish Krona
The Swedish krona climbed today to the highest price in a week on the speculation that the Sweden central bank will leave the interest rates unchanged in the first month of the new year after lowering them this month.
Swedish Krona Falls as Manufacturing Declines
September 02nd, 2011 at 1:45
Swedish Krona
The Swedish krona fell as the report showed that manufacturing in Sweden contracted last month, reinforcing outlook that the nation’s central bank would cut interest rates.
Swedish Krona Falls on Growth & Interest Rates Outlook
August 30th, 2011 at 21:57
Swedish Krona
The Swedish krona today fell against all its most-traded peers as the government slashed its growth forecast for the nation’s economy, spurring speculation that the central bank won’t be able to increase lending rates.
Swedish Krona Surges to 2.5-Year Record on Higher Rates
April 20th, 2011 at 10:12
Swedish Krona
The Swedish krona jumped to the highest level in more than two and a half years after the central bank raised the interest rates to slow the inflation.
Swedish Krona Rises with Better Growth Outlook
April 13th, 2011 at 15:35
Swedish Krona
The Swedish krona strengthened today after the government raised its growth forecast for the nation’s economy, adding to reasons for the central bank to raise its interest rates.
Swedish Krona Fell as Inflation Pressure Recedes
April 12th, 2011 at 16:46
Swedish Krona
The Swedish krone declined today as the inflation pressure weakened, reducing need for the central bank to increase the interest rates.
Swedish Krona Gains as Economic Growth Exceeds Forecasts
March 01st, 2011 at 14:59
Swedish Krona
The Swedish krona strengthened today, rising to the highest level in two and a half years versus the US dollar, after the report showed that Sweden’s economic growth beat forecasts.
Swedish Krona Reaches 10-Year High vs. Euro
February 08th, 2011 at 11:42
Swedish Krona
The Swedish krona rose for the second day versus the US dollar and reached the highest level in 10 years against the euro on the speculation that the strong global economic growth will increase demand for Sweden’s assets.
Retail Sales Bolsters Swedish Krona & Bets on Rates Hike
October 28th, 2010 at 20:43
Swedish Krona
The Swedish krona gained today after the report showed the retail sales grew more than predicted, increasing the probability of the interest rates hike.
