On November 29, Sweden released their Q3 GDP growth rate figure as 1.60% YoY, below consensus forecast of 1.85%.
Despite this, SEK strengthens against EUR, reaching levels last seen in July this year. After soft growth over three quarters, a December rate hike by Riksbank is nowhere close to being a done deal.
Take-a-look at our economist, Erik Norland’s view on the SEK and what it will take, for the Krone to hit the bottom or rebound.
