The USD/SEK exchange rate has reached 11.23 kronor, indicating that the US dollar is generally overvalued while the Swedish krona is undervalued by approximately 25-30%. This marks a notable weakness for the krona, which previously hit a record low of 11.36 kronor on October 13, 2022. Analysts from Swedbank suggest that the Riksbank is unlikely to respond to the krona's weakness, advocating instead for a softer monetary policy. The broader currency market has seen the USD weaken against several currencies, with the SEK appreciating by 0.501% against the USD. Recent data indicates that 23 out of 28 USD crosses had positive returns, reflecting a strengthening of other currencies against the dollar.