The EUR to SEK exchange rate shows a bearish bias in the near term.
Recent movements highlight key drivers affecting this outlook. The European Central Bank has opted to keep interest rates steady, indicating caution due to inflation concerns linked to a stronger euro. Meanwhile, Sweden’s economic growth is expected to accelerate in 2026, with inflation projected to decrease, boosting the SEK's appeal relative to the euro. Global risk factors and supportive economic conditions are contributing to a favorable environment for the Swedish currency.
In the near term, the EUR to SEK rate is expected to trade within a stable range, slightly below its recent average. A rise in oil prices may support the euro if it boosts inflation, while any escalation in geopolitical issues or an unexpected downturn in EU economic data may lead to further weakening of the euro against the SEK.