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 |
|
|
11.4843 -1507 pips |
11.6430 -80 pips |
11.6350 | |
| USDSEK |
|
|
10.5910 -2125 pips |
10.8804 -769 pips |
10.8035 | |
| GBPSEK |
|
|
13.2414 -3459 pips |
13.7198 -1325 pips |
13.58730 | |
| SEKJPY |
|
|
0 -1423 pips |
14.3210 -9 pips |
14.228 | |
| NOKSEK |
|
|
0.9899 -67 pips |
1.0367 -401 pips |
0.9966 |
News (SEK)
Sweden Central Bank Likely To Start Cutting Rates In May
Sweden's central bank indicated that it will cut the interest rate in May or June as the economy is expected to remain mired in recession, provided the inflation prospects remain favorable. The Executive Board of Riksbank decided to hold the policy rate at 4.00 percent on Wednesday, as expected. It is likely that the policy rate can be cut in May or June if inflation prospects remain favorable.
RTTNews | 40 days ago
Riksbank Says Rate Cut Possibility In H1 Cannot Be Ruled Out
Sweden's central bank on Thursday left its key interest rate unchanged for a second straight session, as expected, and suggested that a rate cut would be possible in the first half of the year. The Executive Board of the Sveriges Riksbank, led by Governor Erik Thedeen, left the key policy rate steady at 4.00 percent.
RTTNews | 95 days ago
Riksbank Pauses Rate Hikes Unexpectedly
Sweden's central bank unexpectedly paused its monetary policy tightening but expressed willingness to raise the interest rate further if the inflation outlook deteriorate. The executive board of Riksbank decided to leave the policy rate unchanged at 4.00 percent, confounding expectations for an increase of 25 basis points.
RTTNews | 165 days ago
