130 days ago • Posted by William Ramstein

Forex spotlight; the Swedish krona

Sweden's krona gained 14.5 per cent its best increase since 2006 against the US Dollar. The krona is relatively attractive from a monetary policy perspective. Sweden's central bank raised benchmark rates to 0% in 2019 and it expanded its balance sheet much less than other banks. Sweden's unemployment rate dropped to 7.7% during the pandemic while peer countries increased. The dollar has lost 11% vs the krona YTD. Source: Barrons/FT

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