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 |
|
|
11.1486 -3390 pips |
11.5435 -559 pips |
11.4876 | |
| USDSEK |
|
|
10.8048 -1077 pips |
10.9850 -725 pips |
10.9125 | |
| GBPSEK |
|
|
13.8496 -154 pips |
13.9788 -1138 pips |
13.86495 | |
| SEKJPY |
|
|
0 -1373 pips |
13.8680 -14 pips |
13.732 | |
| NOKSEK |
|
|
0 -9883 pips |
1.0438 -555 pips |
0.9883 |
News (SEK)
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 | 27 days ago
Sweden Central Bank Cuts Interest Rate; Signals More Easing
Sweden's central bank reduced its benchmark rate by a quarter point on Wednesday and hinted at two more cuts this year as policymakers focus more on economic activity. The executive board reduced the policy rate by 25 basis points to 3.25 percent. This was the third reduction this year. The bank said the policy rate may also be cut at the two remaining policy meetings this year.
RTTNews | 70 days ago
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 | 106 days ago
