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
Real Time News
  • USD/MXN trades directionless, oscillating between small gains and losses, near the 20.15 area. Get your $USDMXN market update from @DColmanFX here:
  • EUR/GBP looking to retest the 50-day moving average just below 0.8600 $EURGBP
  • USD/JPY appears to be on track to test the July low (109.06) following the Federal Reserve interest rate decision as longer-dated US Treasury yields come back under pressure. Get your $USDJPY marketing update from @DavidJSong here:
  • RBNZ: We will soon begin consulting on ways to tighten mortgage lending standards More below: $NZD
  • RT @BrendanFaganFx: USD/JPY Under Pressure Following Comments from Fed's Waller $USDJPY #FOMC #FederalReserve #trading Link: https://t.c…
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.34% 🇦🇺AUD: 0.26% 🇪🇺EUR: 0.03% 🇳🇿NZD: -0.00% 🇬🇧GBP: -0.14% 🇨🇦CAD: -0.27% View the performance of all markets via
  • Bitcoin declines heavily into the close of the US session, now trading below $39,000 $BTCUSD
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.25% Gold: -0.07% Silver: -0.32% View the performance of all markets via
  • South African rand up 20c against the dollar. Riot aftermath anticipated in upcoming economic data. Get your $USDZAR market update from @WVenketas here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.64%, while traders in France 40 are at opposite extremes with 78.69%. See the summary chart below and full details and charts on DailyFX:
USD/SEK May Trade Higher on Soft CPI Data - Nordic Growth to Slow

USD/SEK May Trade Higher on Soft CPI Data - Nordic Growth to Slow

Dimitri Zabelin, Analyst


  • USD/SEK to rise on soft CPI data
  • Sweden economy to slow in 2019
  • USD/SEK to reach into new range

See our free guide to learn how to use economic news in your trading strategy!

USD/SEK may rise upon the release of Sweden’s CPI data that will likely fall short of economist’s expectations. The forecast for year-on-year inflation currently stands at 2.0%, with the previous report at the same level. Other CPI data reports are also scheduled for the same day 08:30 GMT.

You can follow these economic updates here.

Economic data in Sweden across the board has been gradually underperforming and is part of a broader trend investors are seeing throughout the European continent. Riksbank minutes from the December policy meeting revealed that officials are showing greater concern over an unexpectedly greater slowdown in inflation and GDP. This is also part of a broader trend Nordic countries are experiencing as European growth slows.

Sweden’s central bank – along with Norway’s – have adopted a gradualist approach to monetary policy, considering the slowdown in domestic growth and uncertainty in global affairs. Headwinds that we saw in 2018 are likely to blow into 2019 and impact economic growth and possibly delay the Riksbank’s intended rate hike in the latter half of this year.

The Krona in this environment is not likely to fair well, opening up the door for potential upward movement in USD/SEK.

In the past three weeks the pair has rebounded from the 8.8469 support and is attempting to re-enter the previous support range between 8.9489- 9.0086. If CPI data falls short of expectations, it is likely the pair will breach 8.9489 and enter into the range. The price movement since January 10 also seems to suggest that there is underlying momentum pushing USD/SEK higher.

USD/SEK – Daily Chart

USD/SEK May Trade Higher on Soft CPI Data - Nordic Growth to Slow


--- Written by Dimitri Zabelin, Jr Currency Analyst for

To contact Dimitri, use the comments section below or @ZabelinDimitrion Twitter

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