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Invesco CurrencyShares Swedish Krona Trust Rydex Investments
Back in May, I made the argument that a weaker Swedish krona could significantly boost exports going forward, which would lead to significant outperformance by certain sectors on the Swedish stock market.
I wish to delve deeper into this point in this article. Recently, the Riksbank (Sweden's central bank) has come under fire for keeping rates in negative territory, which no doubt has been contributing to the weakness we have been seeing in the krone.
Specifically, we observe that the krone has seen a significant decline against both the euro and greenback since 2016: