Sweden Business Confidence
For the business sector in Sweden, a confidence indicator is designed to give an instantaneous qualitative assessment of actual outcomes as well as current conditions and future expectations of Swedish businesses. New orders, output, and employment are some of the indicators considered in this study. The survey is conducted on 6,000 companies in the business sector.
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 |
|
|
11.4257 -89 pips |
11.4079 +267 pips |
11.4346 | |
| USDSEK |
|
|
10.3008 -845 pips |
10.3680 +173 pips |
10.3853 | |
| GBPSEK |
|
|
13.5122 -276 pips |
13.5897 -499 pips |
13.53980 | |
| SEKJPY |
|
|
0 -1375 pips |
14.3110 -56 pips |
13.746 | |
| NOKSEK |
|
|
0 -9559 pips |
1.0401 -842 pips |
0.9559 |
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 | 22 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 | 76 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 | 126 days ago
