Sweden: Sweden – out of steam

Report Date:  06/02/19

We’ve expected Sweden’s political and monetary policy shifts to give the Swedish krona (SEK) a boost. And it did for a while. But with Eurozone economic performance softening and commensurate risks for Swedish growth, alongside an already slowing domestic housing market it’s difficult to see the krona reasserting itself near-term. We reduce our long SEK exposure.

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