CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks.Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
The base currency – USD. The counter currency – SEK. The USD/SEK chart is the US dollar/Swedish krona currency pair. It shows how much the USD is worth when measured against the SEK. The currency pair is sensitive towards the monetary policy of the Federal Reserve vs. Sweden’s central bank – Riksbank. During the market stress, USD acts as a safe-haven asset, which means that the USD/SEK rate can be sensitive to swings in investor sentiment trends. A prolific exporter to the Euro-Zone and the UK, Sweden may experience the influence of those economies to the SEK price.
Explore the ongoing AUD/USD downtrend ahead of Australia's GDP data release. Understand economic drivers, RBA policy, and technical signals impacting the Australian Dollar.
Higher-than-expected monthly CPI data watered down expectations for RBA interest rate cuts in 2024; the markets will now shift attention to quarterly GDP data on Wednesday, June 5.
09:55, 5 September 2024
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