Swedish Krona Rises To More Than 5-month High Against U.S. Dollar
(RTTNews) - The Swedish krona strengthened against the U.S. dollar in the European session on Tuesday.
In economic news, Sweden's central bank lowered its key policy rate by a quarter-point as inflation continued to ease amid weakening growth prospects and signaled as much as three more interest reductions this year.
The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 3.50 percent. The outcome of the meeting matched expectations.
Against the U.S. dollar, the krona rose to more than a 5-month high of 10.2674 from an early low of 10.3321. At yesterday's close, the krona was trading at 10.2973 against the greenback.
If the krona extends its uptrend, it is likely to find resistance around the 10.16 region.
read more
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
|
vor 367 Tagen
Swedish Krona At 5-day Low Against U.S. Dollar After Riksbank Decision
The Swedish Krona weakened against the U.S. dollar in the early European session on Wednesday, as the Riksbank raised its benchmark rate by half-percentage point and signalled the possibility of a smaller rate hike going forward.
RTTNews
|
vor 648 Tagen
Swedish Krona At 6-day High Against U.S. Dollar After Riksbank Decision
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.
RTTNews
|
vor 724 Tagen
TSX Tumbles More Than 1% As Stocks Fall On Tariff Concerns
After posting a record close the previous day, the Canadian market opened marginally up and edged higher Friday morning, but kept losing ground as the day progressed with stocks from across several sectors reeling under selling pressure as Trump administration confirmed that it would begin imposing 25% tariffs on imports from Canada from February 1.
RTTNews
|
vor 1 Tagen
German Inflation Unexpectedly Eases In January
Consumer price pressures in Germany slowed unexpected at the start of the year amid a sharp slowdown in food inflation, offering some relief for the European Central Bank that lowered interest rates a day earlier and plan to continue easing to boost the single currency economy that came to a standstill in the final three months of 2024.
RTTNews
|
vor 1 Tagen
Swiss Markets Ends Slightly Weak
The Swiss market edged down marginally on Friday with stocks paring gains in late afternoon trade as investors chose to take some profits following a long winning streak. Data showing a stronger than expected jump in the nation's retail sales aided sentiment.
RTTNews
|
vor 2 Tagen
Major European Markets Close Slightly Higher
European stocks saw some profit taking in late afternoon trades on Friday, but the major markets in the region still managed to close slightly up.
Investors assessed recent economic data, earnings news, and monetary policy announcements of the Federal Reserve and the European Central Bank.
RTTNews
|
vor 2 Tagen
Canadian Market Down Marginally In Cautious Trade; Tech Stocks Move Higher
The Canadian market is up in positive territory a little past noon on Friday with the benchmark S&P/TSX Composite Index hovering near record high, thanks largely to strong buying in the technology sector after encouraging earnings updates from big name U.S. companies such as Apple Inc. and Meta Platforms.
RTTNews
|
vor 2 Tagen
