USD/SEK
USD/SEK10.30276SEK
Today
+0.03%
1 Week
+1.18%
1 Month
+0.50%
6 Months
-2.23%
Year to Date
+2.62%
1 Year
-6.94%
Key Data Points
Opening Price
10.29573Previous Closing Price
10.29972USD/SEK Trading Strategy
Trading Strategy
Alternative scenario: the downside breakout of 10.2570 would call for 10.2010 and 10.1680.
Alternative scenario
below 10.2570, expect 10.2010 and 10.1680.
Comment
the upside prevails as long as 10.2570 is support.
USD/SEK News
Riksbank does massive frontloading – Commerzbank
The Riksbank cut by 25 basis points to 3.25% yesterday as expected.
SEK: Riksbank to remain dovish – ING
Sweden's Riksbank is widely expected to cut rates by another 25bp today, Commerzbank’s FX strategist Francesco Pesole notes.
SEK: Swedish inflation surprises on the downside – ING
Data released this morning show Swedish CPIF inflation declined to 1.2% versus a consensus of 1.4% in August, and core CPIF (excluding energy) was on consensus at 2.2%.
SEK trading as an equity proxy again – Société Generale
Despite the desynchronisation of ECB and Riksbank rates decisions, EUR-SEK rates differentials poorly explain the path of the FX rate, Société Generale FX strategists note.
Will the Riksbank fall in line with market expectations? – Commerzbank
The general consensus is that the Riksbank will cut the key interest rate today by 25 basis points to 3.50%, After all, inflation is trending downwards, although the monthly changes in the core rate could fall a little more, Commerzbank’s FX Analyst Antje Praefcke notes Two or three more moves for the rest of the year “The economy is weakening and could be supported with interest rate cuts.
SEK: Little hope for recovery – Commerzbank
Swedish krona has depreciated by almost 5% against the euro since the beginning of June, and there are several reasons for this, Commerzbank’s FX analyst Antje Praefcke notes.
