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 |
|
|
11.4737 -1646 pips |
11.6390 -7 pips |
11.6383 | |
| USDSEK |
|
|
10.5765 -2366 pips |
10.8804 -673 pips |
10.8131 | |
| GBPSEK |
|
|
13.2414 -3262 pips |
13.7198 -1522 pips |
13.56760 | |
| SEKJPY |
|
|
0 -1423 pips |
14.3210 -10 pips |
14.225 | |
| NOKSEK |
|
|
0.9899 -49 pips |
1.0349 -401 pips |
0.9948 |
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 | 39 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 | 94 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 | 164 days ago
