SEK Market Update
29 Jun 2026 • 00:29 GMT
The Swedish krona remains under gentle downward pressure, with the SEK/USD rate sitting at around 0.1027 — about 3.7% below its three-month average. Despite this, the currency has stayed within a relatively narrow 6.8% trading range from 0.1026 to 0.1096. The broader outlook suggests some SEK weakness ahead, primarily due to the Riksbank's decision to keep interest rates steady at 1.75% through year-end and the lowered inflation forecast for 2026. These factors have caused analysts, like those at UBS, to suggest the potential for further SEK softening, especially against the euro. The SEK/EUR rate is currently around 0.0902, slightly below its recent averages, reflecting stability but also some cautious market sentiment. Overall, the currency's slight decline aligns with the broader expectation of Swedish economic growth remaining modest and the Riksbank maintaining its cautious stance. Meanwhile, the US dollar remains firm but appears to be nearing the peak of its rally, influenced by stronger US economic data and rising interest rate expectations.
📊 Quick forecast view
🔴 Mild downside
0.1010 – 0.1030
🌍 Global risk sentiment
🟢 Uptrend
