CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
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.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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