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Francesco Pesole of the Dutch International Group stated in a report that the positive correlation between the Swedish Krona and risk appetite appears to have weakened recently. He mentioned that the Swedish Krona softened earlier this week despite the decision by US President Trump to delay imposing tariffs on EU goods boosting risk appetite. The movement of the Swedish Krona seems to show almost perfect asymmetry with the US dollar rather than being driven by market sentiment. Last week, as concerns about US Treasury bonds intensified, the Swedish Krona strengthened against the Euro. "One possible reason could be that the Swedish Krona has received support from equity funds flowing back from the US, while negative news related to the US accelerated the flow of these funds."