[ad_1] Share: The USD/SEK pair witnessed a 0.30% drop, hovering around the 10.452 level. Mixed S&P PMIs make the US struggle to gather demand. Riksbank’s hawkish hold on Thursday strengthened the SEK as the bank didn’t rule out a hike in 2024. The Swedish Krona (SEK) is gaining ground against the US Dollar (USD)
[ad_1] Share: The USD/SEK is seen at 10.908 with 0.10% loses US Treasury yields retreated after sharply rising on Thursday. All eyes are on next week’s CPI data from October from the US. The USD/SEK showed minimal downward movements around the 10.908 area on Friday. The pair declined as the Greenback consolidated the
[ad_1] Share: USD/SEK soared to 11.249, its highest since early November 2022. Riskbank is expected to hike 25 bps to 4%. The Fed will likely deliver a hawkish pause. The USD/SEK saw volatility on Monday, rising to a high since November 4, 2022, then settling at 11.122, securing daily losses. The USD trading somewhat
[ad_1] Better than expected Swedish GDP and retail sales figures yesterday helped the krona strengthen in yesterday’s trade against the US Dollar. The Swedish economy shrank by 0.8% in Q2, much less than the previously reported -1.5% preliminary figure and the consensus estimate of 1.3%. Surprisingly, retail sales increased in July by 1.0% m/m. Earlier,