News Sweden Interest: Sweden acts as guinea pig on interest rate cuts, moving before the Fed for the first time this century—but it could be costly
Sweden has taken the bold move of cutting interest rates, surprising some analysts and marking a new phase in global monetary policy that could accelerate economic expansion or return countries ...
News Sweden Interest: Sweden Currency ETF ‘FXS’ Has Fallen 11.4% YTD
The Swedish krona and currency-related exchange traded fund have not had as good a year as other developed country currencies. The Invesco CurrencyShares Swedish Krona ETF (FXS) 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.
News Sweden Interest: Interest Grows in Sweden's Krona as a Currency Safe Haven
With economies of countries using the euro in turmoil from Spain to Greece last year, investors have been looking for a safe haven from the storms of currency market volatility. The traditional European safe haven was the Swiss franc, but since the Swiss National Bank imposed a currency floor against the euro in September last year, meaning it cannot appreciate above 120 to the euro, investors have shunned that currency. At the same time, the fact that the Bank of Japan has embarked on a program to weaken the yen has dimmed the Japanese currency as a safe haven.
News Sweden Interest: Sweden's central bank chief says 2 to 3 more rate cuts this year is a 'forecast not a promise'
Sweden's central bank held interest rates on Thursday but changed its outlook for further cuts this year from two to "two or three." Riksbank Governor Erik Thedéen told CNBC the inflation outlook was ...
News Sweden Interest: Swedish Match AB (publ) (OTCMKTS:SWMAY) Sees Large Increase in Short Interest
Swedish Match AB (publ) (OTCMKTS:SWMAY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 118,900 shares, a growth of 10, ...
News Sweden Interest: Stina Blackstenius: Arsenal Women sign Sweden striker, who attracted interest from Manchester United
Stina Blackstenius was part of the Sweden squad that won silver at the Olympics last summer and was part of the side that beat England in the third/fourth place play-off at the 2019 World Cup; striker ...
