MUFG
2026 FX Outlook: Post-Peak USD World
LIVE19 December 2025USD bearish
Back to CurrenciesBullish
USD/SEK
SEK to benefit from European fiscal expansion and Riksbank stabilization. Swedis
MUFG Forecast Path
Cross-Firm Forecast Comparison
Key Drivers
Riksbank policy
Fiscal expansion
Rate sensitivity
European growth
Housing recovery
All Firm Targets (Dec '26)
GSBullish8.90
JPMBullish8.83
BARCModerately Bullish8.80
MSBullish8.75
MUFGBullish8.70
BofABullish8.65
DBStrongly Bullish8.50
INGBullish8.44
Analysis Summary
SEK to benefit from European fiscal expansion and Riksbank stabilization. Swedish economy highly rate-sensitive and positioned for recovery. EUR/SEK to decline toward 8.70 by year-end.