During August, the krona has been on the way to a bottom against the euro on several occasions.
During Monday morning, the price was temporarily at 11:96 kroner for one euro, reports say DIwhich is a record low.
– The Swedish economy is doing worse than many other comparable economies, even if the concern is exaggerated. We are in no way in a position that can be compared to the 90s crisis, but there is clearly some concern, especially if global interest rates continue to rise, says Claes Måhlen, chief strategist at Handelsbanken.
The central banks must clearly raise
He points to concerns about the Swedish economy and the property sector, which is generally sensitive to rising interest rates. To reverse the trend, it will be required that the Riksbank and other central banks around the world clearly raise their repo rates.
– It should take place in the autumn. It will continue to be weak for the krona for some time but with a certain strengthening, says Måhlén.
– If the concerns about the Swedish economy and the Swedish real estate sector prove to be unfounded, the krona can strengthen.
Why has the krona become so weak? SVT’s economic commentator Alexander Norén explains in the video above.