FXS News and Press, Invesco CurrencyShares Swedish Krona Trust Rydex Investments From 11/14/19

The SEK/EUR has been rising significantly since the beginning of this month. Source: investing.com As I argued in a previous article, a significant driver behind the rise in the Swedish krona has been the fact that the Riksbank is raising rates at a time when other central banks around...

Overview Investor optimism is reflected by the risk-taking appetite that is lifting equity markets and bond yields. With Japanese markets closed for a national holiday, the MSCI Asia Pacific Index was led higher by more than 1% gains in Hong Kong, Taiwan, South Korea, and Thailand. The regio...

Overview An unexpected increase in China's Caixin manufacturing PMI helped lift Asia-Pacific equities after the S&P 500 stumbled yesterday amid concerns that there will not be a phase 2 in US-China trade negotiations. The MSCI Asia Pacific Index rose 4.3% in October, and with the help of...

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 p...

Overview As the UK awaits the EU's decision on its request, disappointing flash PMI readings Japan, Australia, and Germany have filled the news vacuum. Sweden's Riksbank retained a hawkish tone while keeping rates on hold, and Norway's Norges Bank also stood pat. The market expects Turkey to...

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 i...

By Petr Krpata, Chief EMEA FX and IR Strategist The US dollar is not as expensive and the pound is not as cheap as you might think. In trade-weighted terms, the dollar is not screamingly expensive in part due to the decline in fair value of the euro and sterling. EUR/USD screens as fa...

(Source - Pexels/Burst ) A little over a week ago I discussed the ongoing instability among emerging market currencies in " A Closer Look At Emerging Market Currency Instability ". To summarize, I believe that the bulk of global money creation via QE in the developed world had a little infl...

(Source: Pexels ) The U.S. dollar index had a great day on Wednesday and saw some of the best performance in weeks, bringing the index back to its highs. As exhibited through ongoing repo market shortages, the world has run out of U.S. dollars. It is not clear how large the shortage is, but...

(Source - Pexels/Min An ) Currency market volatility has been a consistent problem in emerging markets. Year after year, currencies are devalued in an attempt to boost economic growth but only serve to worsen external debt problems. Last year was particularly bad as we saw major dec...