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Sweden Balance of Trade
Sweden's principal exports include iron and steel products, paper goods, machinery, motor vehicles, pulp and wood, and chemicals. Machinery, petroleum and petroleum products, chemicals, motor vehicles, iron, and steel, as well as foodstuffs and clothing, are all imported into the country. Sweden's most important trading partner is the European Union accounting for around 61% of exports and 72% of imports in total. A significant influence is also played by countries such as Norway, Russia, the United States, and China.
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 |
|
|
10.9059 -23 pips |
10.9223 -141 pips |
10.9082 | |
| USDSEK |
|
|
9.6380 -75 pips |
9.9903 -3448 pips |
9.6455 | |
| GBPSEK |
|
|
12.8863 -1102 pips |
13.1221 -1256 pips |
12.99654 | |
| SEKJPY |
|
|
14.7570 -17 pips |
0 +1493 pips |
14.925 | |
| NOKSEK |
|
|
0 -9475 pips |
0.9462 +13 pips |
0.9475 |
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 | 118 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 | 159 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 | 201 days ago
