SEK Market Update
24 Jun 2026 • 00:29 GMT
The Swedish krona remains under pressure, trading near its 90-day lows against the US dollar at about 0.1027, which is roughly 3.9% below its three-month average. This weakness is largely driven by the global strength of the US dollar, which has climbed amid safe-haven demand and expectations of a possible interest rate hike by the Federal Reserve later this year.
The Riksbank's decision to keep interest rates steady at 1.75% and the outlook for softer economic growth and lower inflation have also weighed on the krona. Traders are watching developments closely, with key support seen around these low levels.
Looking ahead, forecasts from major banks suggest the SEK could strengthen again by year's end, with targets around 8.44 to 8.61 against the USD, as U.S. dollar weakness and Swedish economic resilience support the currency. However, any change in U.S. monetary policy or negative data from Sweden could affect this outlook. For now, the SEK's recent decline reflects the current cautious market mood and broad USD strength.
📊 Quick forecast view
🔴 Mild downside
0.1030 – 0.1040
🌍 Global risk sentiment
🟢 Uptrend
