Swedish krona emerges as funding currency of choice

As negative rates take hold in the G10 space, strategists re-evaluate outlook

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The Swedish krona has emerged as a possible funding currency, along with the Swiss franc, say strategists, after Sweden became the latest country to flip its interest rates into negative territory – the new normal in the G10 space. 

On February 12, Sweden's Riksbank cut its benchmark repo rate to -0.10% to counter the effects of low oil prices on inflation while governor Stefan Ingves left the door open for further cuts, saying the central bank was "far from the lower bound".

"The Swedish krona

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