Swedisk Krona At 1-1/2-month High Versus Euro After Riksbank Decision
September 02 2015 - 11:30PM
RTTF2
The Swedisk Krona advanced against the euro in European deals on
Thursday, after Sweden's central bank retained its benchmark rates
as the benefits of the expansionary monetary policy is working
through the economy.
The Executive Board of the Riksbank decided to hold the repo
rate at -0.35 percent as expected by economists. The bank last
lowered the rate in July, when it cut the rate from -0.25
percent.
The repo rate is expected to be at the current level for about
one year, while the repo-rate path reflects the possibility of
lowering the rate further.
The krona climbed to a 1-1/2-month high of 9.3935 against the
euro, compared to yesterday's closing value of 9.4658. The next
possible resistance for the krona is seen around the 9.37 mark.
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