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ERO - SEK/EUR: Riksbank Continues To Induce Currency Strength
Barclays Bank PLC
The momentum of the Swedish krona's rise upwards has been quite impressive over the past few months. Even during a period when the euro is starting to see significant strength against the U.S. dollar, the SEK/EUR has continued to see a very strong upward trend in July.
Source: Investing.com
As I mentioned in previous articles, one of the reasons that the Swedish krona has started to see strength - even before the onset of COVID-19 - was a commitment by the Riksbank to adopt a policy of rising interest rates in contrast to the ECB