Sweden Currency ETF ‘EWD’ Has Fallen 11.4% YTD
Published on: Thursday 30 August 2018
The Swedish krona and currency-related exchange traded fund have not had as good a year as other developed country currencies. The iShares MSCI Sweden ETF (EWD) fell 11.4% year-to date as the Swedish krona depreciated 10.4% to SEK9.13 against the USD, the worst performer among any other developed market currency. Among the 10 most heavily traded currencies in the world, the krona has even underperformed the Chinese yuan, which has taken a beating from the ongoing trade conflict with the U.S., and the United Kingdom's British pound, which has been pummeled over Brexit fears, the Wall Street Journal reports.
