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Sweden's Krona Soars as Debt Office Bets Against the Riksbank

From bloombergquint.com

The Swedish Debt Office has an odd way of saying happy birthday. Just as the central bank was hosting a conference to celebrate its 350th anniversary, the debt agency triggered a rally in the krona. The office said it will position for a stronger exchange rate, inserting itself into a debate over whether the Riksbank has been damaging Sweden’s economy with its efforts to weaken the currency. The central bank has embarked on an historic monetary easing program over the past years to bring back inflation, using a weaker krona to help achieve its goal. But criticism has grown recently as the currency fell close to a ... (full story)

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  • Category: Fundamental Analysis