Skip to main content

SEK to stay the G10 laggard; CHF causing headaches

With the Swedish economy likely to flirt with recession in Q3, a dovish shift by the Riksbank is well overdue. So, having been the worst performing G10 currency against the euro this year to date, the Swedish krona is likely to remain the laggard over the coming months. At the other end of the spectrum, we expect upward pressure on the Swiss franc to persist and to cause the SNB to step up its FX interventions. There is a rising chance that a rate cut comes before Q1 next year, which is when we currently have it pencilled in.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access