Swedish Krona Down On U.S. Optimism

The Swedish krona has been losing terrain versus the dollar as the U.S. economy signals of recovery has been leaving space for speculations regarding interest rate hikes, declining attractiveness for the Swedish currency.

The krona has been suffering from another blow this time coming from North America as the appeal for less tradeable currencies declined, affecting the Swedish currency which already faced problems this semester as Nordic loans in the Baltic states affected negatively krona-priced assets in financial markets.

USD/SEK closed today at 7.2005 from an opening rate of 7.1046.

If you want to comment on the Swedish krona’s recent action or have any questions regarding this currency, please, feel free to reply below.