Swedish Krona At 6-day High Against U.S. Dollar After Riksbank Decision

RTTNews | 755 dias atrás
Swedish Krona At 6-day High Against U.S. Dollar After Riksbank Decision

(RTTNews) - The Swedish krona climbed against the U.S. dollar in the European session on Thursday, as Sweden central bank lifted its key interest rate by 50 basis points and signaled additional hike during the spring.

The Executive Board of Riksbank decided to raise the policy rate by 0.5 percentage points to 3.0 percent.

"By tightening monetary policy more now, the Riksbank is reducing the risk that the high inflation will remain for a longer period and thus that even greater tightening would be needed further ahead," the bank said in a statement.

With the current monetary policy stance, inflation is expected to fall back this year and to stabilise close to 2 per cent from 2024, it added.

The Swedish krona touched a 6-day high of 10.41 against the greenback from yesterday's close of 10.58. The currency is likely to challenge resistance around the 9.7 level.

Marcadores : USDSEK
read more
Swedish Krona Falls Against U.S. Dollar After Riksbank Decision

Swedish Krona Falls Against U.S. Dollar After Riksbank Decision

The Swedish krona dropped against the U.S. dollar in the European session on Thursday, as Sweden's central bank left its key interest rate unchanged but indicated that the policy rate could be lowered sooner than indicated, if inflation continues to fall.
RTTNews | 398 dias atrás
U.S. Factory Orders Jump Slightly More Than Expected In January

U.S. Factory Orders Jump Slightly More Than Expected In January

New orders for U.S. manufactured goods surged by slightly more than expected in the month of January, according to a report released by the Commerce Department on Wednesday. The report said factory orders shot up by 1.7 percent in January after falling by a revised 0.6 percent in December. Economists had expected factory orders to jump by 1.6 percent.
RTTNews | 7h 20min atrás
U.S. Services Index Unexpectedly Inches Higher In February

U.S. Services Index Unexpectedly Inches Higher In February

The Institute for Supply Management released a report on Wednesday showing an unexpected uptick by its reading on U.S. service sector activity in the month of February. The ISM said its services PMI inched up to 53.5 in February from 52.8 in January, with a reading above 50 indicating growth. Economists had expected the index to edge down to 52.6.
RTTNews | 7h 42min atrás
U.S. Private Sector Job Growth Falls Well Short Of Estimates In February

U.S. Private Sector Job Growth Falls Well Short Of Estimates In February

A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by much less than expected in the month of February. ADP said private sector employment rose by 77,000 jobs in February after climbing by an upwardly revised 186,000 jobs in January. Economists had expected private sector employment to grow by 140,000 jobs.
RTTNews | 8h 41min atrás
Bayer Stock Up On Growth View Starting FY26, Despite Q4 Loss, Cautious FY25

Bayer Stock Up On Growth View Starting FY26, Despite Q4 Loss, Cautious FY25

Shares of Bayer AG were gaining around 6 percent in the German trading after the pharmaceutical and life sciences major Wednesday said it expects improved performance from 2026 onwards, despite reporting a slip to loss in its fourth quarter. The company also projects weak core earnings and nearly flat sales for fiscal 2025.
RTTNews | 9h 47min atrás