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 |
|
|
11.3034 -82 pips |
11.3647 -531 pips |
11.3116 | |
| USDSEK |
|
|
10.2208 +671 pips |
10.2949 -1412 pips |
10.1537 | |
| GBPSEK |
|
|
13.4265 -165 pips |
13.5881 -1451 pips |
13.44300 | |
| SEKJPY |
|
|
0 -1401 pips |
13.9650 +4 pips |
14.008 | |
| NOKSEK |
|
|
0 -9668 pips |
1.0423 -755 pips |
0.9668 |
News (SEK)
Riksbank Cuts Policy Rate By 25 Bps, Signals More Reductions Ahead
Sweden's central bank lowered its key policy rate by a quarter-point as inflation continued to ease amid weakening growth prospects, and signaled as much as three more interest reductions this year. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 3.50 percent. Previously, the bank had lowered its policy rate in May, which was the first cut since February 2016.
RTTNews | 30 days ago
Sweden Central Bank Signals 2-3 Rate Cuts This Year
Sweden's central bank maintained its benchmark rate unchanged on Thursday and signalled that the rate will be cut two or three times this year. The Executive Board of Riksbank decided to leave the policy rate unchanged at 3.75 percent as new information indicates that inflationary pressures are largely as expected.
RTTNews | 84 days ago
Sweden Central Bank Hints At Two More Rate Cuts This Year
Sweden's central bank lowered its policy rate for the first time in eight years and signaled another two more rate reductions during the second half of the year as inflation approaches the target of around 2 percent amid the weak economic activity. The executive board of the Riksbank, led by Governor Erik Thedeen, decided to lower the policy rate by 25 basis points to 3.75 percent.
RTTNews | 133 days ago
