Swedish Krona At Near 2-week High Versus U.S. Dollar After Riksbank Decision
28 Abril 2020 - 12:21AM
RTTF2
The Swedish Krona gained ground against the U.S. dollar during
the European session on Tuesday, after Sweden's central bank kept
its repo rate unchanged but does not rule out a rate cut later to
stimulate demand and support inflation in the recovery phase.
The executive board of Riksbank left its main rate at zero, as
expected.
he central bank said it will continue purchases of government
and mortgage bonds up until the end of September 2020. The bank
will buy securities up to SEK 300 billion this year.
The central bank said it is prepared to continue to use the
tools at its disposal.
The Swedish Krona appreciated to near a 2-week high of 9.9350
versus the greenback from Monday's closing value of 10.0010. The
currency may challenge resistance around the 9.0 level.
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