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EWD - Swedish Krona: A Strong Currency But Might Be Approaching Its Limits
iShares Inc MSCI Sweden
Last month, I made the argument that the Swedish krona is set to continue rising against the euro going forward.
My reason for making this argument was that the Swedish krona has a lower exposure to oil than other major currencies and the Riksbank has not lowered rates into negative territory in spite of concerns over economic growth going forward.
Not only has the SEK/EUR seen a rise over the past month, it has done so at a time when we have been seeing significant strength against the dollar: