The trade-weighted SEK has strengthened 1.1% since April and is 2.7% away from the March level of 111.46 when the Riksbank expanded QE. Is FX intervention the next step for the Riksbank to slow the currency's advance?Und…
The trade-weighted SEK has strengthened 1.1% since April and is 2.7% away from the March level of 111.46 when the Riksbank expanded QE. Is FX intervention the next step for the Riksbank to slow the currency's advance?
Underlying CPIF inflation in Sweden surprisingly fell to 0.7% yoy in April from 0.9% in March, a four-month low. This is below the latest Riksbank forecast of 1.0% and so ups the pressure to do more to prevent inflation relapsing, according to Societe Generale.
EUR/SEK traded at a two-month low of 9.1711 in May before rebounding over 9.35. USD/SEK returned over 8.50 after falling to a low of 8.1763. The SEK is still among the cheapest currencies in the G10.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
