Sweden’s Currency Has Biggest Rally in About a Decade
- Krona just had the best quarterly gain versus euro since 2010
- Currency could look vulnerable if Riksbank voices concern: TD
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The Swedish krona’s best quarter in about a decade may raise concern among policy makers that it rose too fast.
Should the Riksbank signal at its meeting Wednesday that it’s concerned about the krona surge, which threatens exports accounting for about half of the economic output, that could trigger a pullback in the exchange rate, according to Toronto-Dominion Bank and Nordea Bank Abp. The median forecast in a Bloomberg survey is for the currency to slip by about 0.7% this quarter.