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Sweden Balance of Trade
Sweden's principal exports include iron and steel products, paper goods, machinery, motor vehicles, pulp and wood, and chemicals. Machinery, petroleum and petroleum products, chemicals, motor vehicles, iron, and steel, as well as foodstuffs and clothing, are all imported into the country. Sweden's most important trading partner is the European Union accounting for around 61% of exports and 72% of imports in total. A significant influence is also played by countries such as Norway, Russia, the United States, and China.
A higher than expected figure should be seen as positive (bullish) for the SEK while a lower than expected figure should be seen as negative (bearish) for the SEK.
Forex Sentiment (SEK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURSEK |
|
|
11.1744 -508 pips |
0 +112252 pips |
11.2252 | |
| USDSEK |
|
|
9.5077 -62 pips |
9.9228 -4089 pips |
9.5139 | |
| GBPSEK |
|
|
12.9029 -816 pips |
13.1869 -2024 pips |
12.98454 | |
| SEKJPY |
|
|
14.7570 -29 pips |
0 +1505 pips |
15.049 | |
| NOKSEK |
|
|
0.9428 -17 pips |
0.9548 -103 pips |
0.9445 |
News (SEK)
Riksbank To Cut Policy Rate Twice This Year To 1.75%, Swedish Think Tank NIER Says
Sweden's central bank is set to lower interest rates twice this year due to the economic downturn and subdued inflation outlook, the National Institute of Economic Research said on Tuesday as it lowered the growth forecast for the economy.
RTTNews | 15 days ago
Sweden Central Bank Trims Rate By 25 Bps
Sweden's central bank reduced its benchmark rate by a quarter-point on Wednesday to further support the economy and stabilize inflation at the target and also signaled that the easing cycle is coming to an end. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 2.5 percent. The outcome of the meeting widely matched expectations.
RTTNews | 154 days ago
Riksbank Signals End To Easing Cycle
Sweden's central bank lowered its policy rate for a fifth time this year, cutting it by 25 basis points in order to support the economy and signaled one last reduction in the first half of next year. The Executive Board of Riksbank, led by Governor Erik Thedéen, decided to cut the policy rate to 2.50 percent from 3.0 percent on Thursday. The outcome matched expectations.
RTTNews | 195 days ago
