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home / news releases / UEUR - SEK/EUR Could See Upside Going Forward


UEUR - SEK/EUR Could See Upside Going Forward

Back in July, I made the argument that the Swedish krona is set to decline further against major currencies such as the EUR and USD.

My main reason for arguing this was that GDP growth in Sweden had come in lower than expected, and there is a limit to the extent to which higher exports has in turn boosted economic growth.

Since July, we have seen a slow, yet continued descent to the downside for both the SEK/EUR and SEK/USD:

Source: investing.com

Source: investing.com

Inflation rates in Sweden continue to hover near a three-year low

Read more ...

Stock Information

Company Name: Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480
Stock Symbol: UEUR
Market: NYSE

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