‘Monster Strong’ Numbers Trigger Surge In Krona, Riksbank Now In A Bind

‘Monster Strong’ Numbers Trigger Surge In Krona, Riksbank Now In A Bind

Ok, so for the sake of brevity, let's just pretend like there's not a political crisis going on in Sweden right now. Thinking instead about the Riksbank and its rather precarious position vis-a-vis the ECB and the whole DM policy normalization push, this data (out earlier this morning) is pretty interesting: Sweden Prel. 2Q GDP Grew Quarterly 1.7% vs Est. Growth 0.9% Swedish preliminary 2Q GDP grew annual 4.0% vs est. growth 2.7%, according to statement from Statistics Sweden. Sweden June R
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