Falling Swedish Crown Hurts Economy Despite Strong Fundamentals

Swedish crown has lost 17.5% against euro in past 18 months, hurting purchasing power and exports.
Weaker crown makes imports more expensive, contributing to inflation and potentially higher interest rates.
Falling crown a mystery given Sweden's strong economy and public finances.
Riksbank expects crown will strengthen, though timing uncertain.
Swedes somewhat warmer to euro but most still want to keep the crown.

reuters.com

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