Exchange Rate in Sweden
Sweden - Exchange RateIn the second quarter, the economy unexpectedly contracted for the second time over the past year. A sizeable decline in gross fixed capital formation drove the contraction, as a dire situation in the housing market continues to exert downward pressure on investment. Real exports also declined in Q2, mostly reflecting weaker global demand. However, solid dynamics in the job market and accommodative financial conditions supported private consumption in the quarter. Looking forward, the outlook looks challenging, with the economic sentiment indicator falling to a near six-year low in July. The decline mostly reflected increased pessimism among manufacturers amid rising global trade tensions and uncertainty related to Brexit. A somber outlook for the global economy and domestic economic uncertainties led the country to sell its first-ever 10-year sovereign bonds with a negative yield on 14 August.
Sweden - Exchange Rate Data
|Exchange Rate (vs USD)||6.44||7.80||8.45||9.11||8.20|
5 years of economic forecasts for more than 30 economic indicators.
Sweden Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||-0.32||-4.79 %||Sep 04|
|Exchange Rate||9.73||-0.20 %||Sep 04|
|Stock Market||1,581||0.14 %||Sep 04|
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September 10, 2019
The consumer price index (CPI) decreased 0.4% in August compared to the previous month, contrasting the 0.4% increase in July.
September 5, 2019
Total industrial production excluding energy notched growth of 1.4% in July over the prior month in seasonally- and calendar-adjusted terms, contrasting June’s revised contraction of 1.0% (previously reported: -1.1% month-on-month).
Sweden: Riksbank holds fire in September as expected, but surprises analysts with hawkish forward guidance
September 5, 2019
At its 5 September monetary policy meeting, the Riksbank left the repo rate unchanged at minus 0.25%, as had been widely expected by market analysts.
August 28, 2019
The economic tendency indicator fell to 94.9 points in August from 96.4 points in July, marking the lowest reading since June 2013.
August 14, 2019
The consumer price index (CPI) increased 0.4% in July compared to the previous month, contrasting the 0.1% decrease in June.