Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Sweden: Wrap-Up and Look Ahead (March 23-27)

Sweden: Wrap-Up and Look Ahead (March 23-27)

Kara Dailey, Contributor

Talking Points:

  • Riksbank cut the Repo Rate to -0.25% in conjunction with a SEK 30 billion QE Program
  • EUR/SEK pair initially appreciated 2.2%, before finding resistance
  • Directional movements will next be guided by the Economic Tendency Survey and PPI

On Wednesday March 18th, the Riksbank further deepened the Repo Rate, lowering it by 15 basis points to -0.25%. Taking effect on March 25th, the overnight rate is said to be accompanied by a bond purchase program in the amount of SEK 30 billion. The decision was designed to encourage an upward movement in inflation and was motivated by fluctuations in the FX market; particularly, with regard to the recent appreciation of the Krona.

In response to the decision, the Euro immediately appreciated against the Krona with the pair advancing by 2.2%. In determining whether the krona’s weakness can be sustained, traders will look to additional data set to be released this week, pertaining to price levels and economic sentiment.

Thus, looking forward at the week ahead, the Krona will likely be affected by the following Events:

Release DateRelease TimeEventDateReporting Agency
March 25th08:00 GMTEconomic Tendency Survey MARNIER
March 26th08:30 GMTPPI (YoY)FEBStatistics Sweden
March 27th08:30 GMT

Retail Sales


FEBStatistics Sweden

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.