CADSEK (Canadian Dollar vs Swedish Krona). Exchange rate and online charts.
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28 Mar 2025 23:59
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CAD/SEK is a cross currency pair, meaning it does not contain the US dollar but its price is affected by it. CAD/SEK is quite popular among forex traders.
Despite the fact that the pair does not include USD, it has a significant impact on the pair’s exchange rate. If we compare CAD/USD and USD/SEK charts, they can show us a possible movement of CAD/SEK.
Main features
Canada is one of the world’s leading exporters of crude oil. For that reason, any changes in global oil prices affect the Canadian dollar. There is a direct correlation between fluctuations in oil prices and the loonie’s exchange rate, which is also reflected in the price of CAD/SEK.
Sweden is one of the most developed economies in Europe, leaving its neighbors Denmark, Norway, and Finland far behind. The country boasts a strong economy owing to large mineral deposits and a well-developed mechanical engineering sector.
At the same time, Sweden relies heavily on exports. A decrease in export volumes could shatter the Swedish economy. Likewise, surging energy prices could affect the exchange rate of the Swedish krona.
Aspects of trading CAD/SEK
When trading CAD/SEK, it is important to remember that the spread for transactions in cross currency pairs is often higher than for more popular forex pairs. Therefore, traders should study carefully the broker’s trading conditions before entering the market.
To make an accurate forecast for the pair, it is crucial to monitor the current economic and political situation in both countries, as well as the United States. The key economic indicators are interest rate changes, GDP, and labor market data.
Above all else, CAD/SEK can react to any economic changes in the United States in a different way.
See Also
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- Technical analysis / Video analytics
Forex forecast 28/03/2025: EUR/USD, GBP/USD, USD/JPY, Oil and Bitcoin
Technical analysis of EUR/USD, GBP/USD, USD/JPY, Oil and BitcoinAuthor: Sebastian Seliga
00:24 2025-03-29 UTC+2
1798
- Bulls have been attacking for two weeks, but they've run out of steam
Author: Samir Klishi
11:48 2025-03-28 UTC+2
1648
- The EUR/USD pair rose by 60 basis points over the course of Thursday.
Author: Chin Zhao
20:10 2025-03-28 UTC+2
1618
- Technical analysis
Trading Signals for GOLD (XAU/USD) for March 28-31, 2025: sell below $3,078 (technical correction - 21 SMA)
Important support is located around the 21 SMA at 3,035. This level coincides with the bottom of the uptrend channel, which could suggest a technical rebound in the coming days.Author: Dimitrios Zappas
15:12 2025-03-28 UTC+2
1588
- The GBP/USD pair rose by 70 basis points on Thursday and added a symbolic 10 points on Friday.
Author: Chin Zhao
20:07 2025-03-28 UTC+2
1423
- USDJPY: Simple Trading Tips for Beginner Traders on March 28th (U.S. Session)
Author: Jakub Novak
20:04 2025-03-28 UTC+2
1423
- EUR/USD. Analysis and Forecast
Author: Irina Yanina
11:45 2025-03-28 UTC+2
1348
- GBP/USD: Trading Plan for the U.S. Session on March 28th (Review of Morning Trades)
Author: Miroslaw Bawulski
19:54 2025-03-28 UTC+2
1288
- Technical analysis
Trading Signals for EUR/USD for March 28-31, 2025: sell below 1.0775 (21 SMA - 6/8 Murray)
The euro's outlook is still bearish. We believe that the decline could continue below 1.08 in the coming days toward 1.0620.Author: Dimitrios Zappas
15:09 2025-03-28 UTC+2
1288
