Swedish Krona Off Early 8-day Low Against U.S. Dollar After Riksbank Decision
05 Julio 2016 - 11:05PM
RTTF2
The Swedish Krona erased its early losses against the U.S.
dollar in early European deals, and climbed after Sweden's central
bank kept its negative interest rate unchanged.
The Executive Board of the Riksbank decided to hold the repo
rate unchanged at -0.50 percent and assessed that there will be a
longer delay until the repo rate begins to be raised.
The bank previously lowered the rate by 0.15 percentage points
in February.
The Swedish Krona advanced to 8.5156 against the greenback, off
its early 8-day low of 8.5595. The Krona may locate resistance
around the 8.4 zone.
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