SEK Market Update
28 Mar 2026 • 01:10 GMT
The Swedish krona (SEK) has recently weakened against the US dollar, trading near its 7-day low of about 0.1056, which is 3.6% below its three-month average of 0.1095. This decline aligns with broader dollar strength driven by risk aversion in markets, as the USD benefits from safe-haven flows amid concerns over slowing global growth. The USD's recent gains are also supported by US economic outlooks, including rising inflation expectations and cautious Fed policy signals.
Against the euro, the SEK is also close to its 90-day lows at around 0.0914, about 2.2% below the recent three-month average, reflecting the SEK’s broader weakness in recent sessions. Meanwhile, the SEK faces relatively stable trading ranges in other major pairs, such as GBP and JPY, but remains down from recent highs.
Looking ahead, the SEK’s near-term trajectory may be influenced by US dollar movements and global risk sentiment. Despite the recent dips, the SEK is expected to see a steady appreciation over the year supported by Sweden's solid economic growth and stable rate outlook.
📊 Quick forecast view
🟢 Mild upside
0.1060 – 0.1070
🌍 Global risk sentiment
🔴 Downtrend
