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USDSEK

In this section, you will find our latest USDSEK news and analysis, you will also be able to read about its history, and find a live chart for technical analysis.

The krona which translates to “crown” was created in 1876 along with the Scandanavian Monetary Union.

Related currencies: USDMXN – USDNOK – USDRUB – USDSEK – USDJPY – USDINR – USDCNH.

Sweden, along with Norway and Denmark, shared the currency and pegged it to gold. Back then, 1 krona in Sweden and krone for Norway and Denmark was equivalent to 1/2480 of a kilogram of gold. The monetary union lasted until the beginning of the first World War. By August 1914, it was dissolved and the three countries adopted their own independent currencies but maintained the name krona or krone.
What is USDSEK?
USDSEK is the financial symbol referring to the spot exchange rate of the US dollar and the Swedish krona.

The Swedish krona is governed by the Sveriges Riksbank or simply known as the Riksbank. It is known as the world’s oldest central bank, founded in 1668, and the third oldest that has been in operation.

The central bank has the mandate to support economic growth while making sure that inflation does not surge. Following the 2008 financial crisis, the Riksbank was the very first central bank in the world to implement negative interest rates when they cut rates to -0.25%. The Swedish economy is heavily reliant on its exports which are primarily driven by hydropower, iron ore, and timber.

Therefore, data on the trade balance is particularly important in trying to forecast the USDSEK rate. The 2008 financial crisis dampened exports as well as consumption which would explain why the central bank adopted such an aggressive easing measure.

In 2011, the Swedish economy rebounded from the recession. The central bank is widely credited for the turn-around in the economy and its credibility is widely regarded by market participants. With that said, jawboning from Swedish central bankers tend to cause volatility on the Swedish krona and should be considered in your analysis when trading USDSEK.

The Swedish policymakers are also the first ones to adopt a digital currency. They created the e-krona as people found lesser use for physical cash.
Live USDSEK Chart

USDSEK
Forex
·Sep 08, 2020, 10:34 BST

USDSEK Rebound Accelerates After Weak Sweden Industrial Production

USDSEK continues the rebound from two-year lows after the Sweden Industrial Production dropped to 3.4% in July from 6.6%. The yearly reading for the Sweden Industrial Production rose to -6.5%
Read More
USDSEK
Forex
·Sep 01, 2020, 14:10 BST

USDSEK Pulls to Two-Year Lows On Positive Data and USD Weakness

The USDSEK has dropped to 2-year lows on the back of further...
Read More
USDSEK
Forex
·Aug 07, 2020, 17:35 BST

USDSEK At Daily Top After NFP Data Beat Forecasts

USDSEK trades higher for the second straight day something that we haven’t seen since June 19. Greenback gets the bids today after better than expected NFP data.
Read More
USDSEK
Forex
·Jul 28, 2020, 11:16 BST

USDSEK Rebounds From 25-Month lows – But Bearish Momentum Intact

USDSEK rebounds today from 25-month lows as the USD finally receiving some bids. On the economic data front from Sweden, the Retail Sales came in at 1% topping the expectations of 0% in June.
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USDSEK
Forex
·Jul 13, 2020, 16:42 BST

Risk-On Sentiment Push USDSEK To Fresh Monthly Lows

USDSEK hits monthly lows today as the risk-on sentiment drives investors away from the safe-haven assets such as USD. The pair is moving clearly on risk sentiment, and as long as investors risk appetite rises
Read More
USDSEK
Forex
·Jul 07, 2020, 15:03 BST

USDSEK Hits Monthly Lows On Stronger Sweden Industrial Data

USDSEK continues lower for the sixth consecutive day, making fresh monthly lows in a volatile trading session. Investors cheered today better than expected Industrial production data.
Read More
USDSEK
Forex
·Jul 02, 2020, 12:00 BST

USDSEK At Two-Week Lows As Risk Appetite Returns

USDSEK retreat for third consecutive trading session amid rising risk appetite in hopes of a coronavirus vaccine. The better economic data from the USA didn’t help the USD but rather shift investors
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USDSEK
Forex
·May 25, 2020, 12:10 BST

USDSEK Rebounds As Sweden Unemployment Rate Hits 8.2%

USDSEK continues higher for the third consecutive session after the pair tested...
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USDSEK
Forex
·May 21, 2020, 12:35 BST

USDSEK Rebounds From Two Month Lows As Sweden Hits Highest Coronavirus Death Rate

USDSEK found finally support today at two-month lows after the recent sharp sell-off from record highs on March 20. The correction accelerated on Monday after the pair breached below the 100-day moving average.
Read More
USDMXN
Forex
·May 20, 2020, 15:01 BST

Broad-Based US Dollar Weakness Drives USDSEK to 2-Month Low

A broad-based weakening of the US Dollar against a basket of currencies...
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