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Sweden Swedbank Manufacturing PMI
Based on data collected from a representative panel of over 200 purchasing managers in the manufacturing business, in Sweden, known as the Swedbank Manufacturing Purchasing Managers Index. Five individual indexes are composed in The Manufacturing Purchasing Managers Index, and they are: New Orders (30%), Output (25%), Employment (20%), Suppliers Delivery Times (15%), and Stock of Items Purchased (10%), with the Delivery Times index reversed so that it moves in an equivalent direction. A rating of greater than 50 suggests that the services sector is generally increasing, while a reading of less than 50 indicates that it is generally contracting, and a reading of 50 shows no change in the manufacturing 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 |
|
|
10.9494 -202 pips |
11.0063 -367 pips |
10.9696 | |
| USDSEK |
|
|
9.6234 -213 pips |
9.9365 -2918 pips |
9.6447 | |
| GBPSEK |
|
|
12.8515 -634 pips |
13.0873 -1724 pips |
12.91495 | |
| SEKJPY |
|
|
15.1460 +43 pips |
0 +1471 pips |
14.712 | |
| NOKSEK |
|
|
0 -9286 pips |
0.9432 -146 pips |
0.9286 |
News (SEK)
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 | 90 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 | 131 days ago
Sweden Cuts Key Rate Aggressively To Support Economy
Sweden's central bank lowered its benchmark rate aggressively in order to support economic activity, and hinted at more rate cuts soon. The Executive Board of Riksbank decided to slash the policy rate by 50 basis points to 2.75 percent. Markets had anticipated a quarter-point reduction. To further support economic activity, the policy rate needs to be reduced somewhat more than estimated.
RTTNews | 173 days ago
