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home / news releases / FXS - Why The Swedish Krona Is Rising


FXS - Why The Swedish Krona Is Rising

Last week, I made the argument that in spite of the excessive weakness we have been seeing in the Swedish krona, Q4 2019 could mark a turning point for the currency and we could see growth from here.

My reason for arguing this was that the Riksbank (Sweden’s central bank) could be posturing to raise interest rates at a time when central banks in other developed economies are lowering rates. This is due to the fact that quantitative easing is not particularly having positive effects on economic growth in Sweden, and the slowdown in inflation

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Stock Information

Company Name: Invesco CurrencyShares Swedish Krona Trust Rydex Investments
Stock Symbol: FXS
Market: NYSE

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