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
|
295 일 전
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
|
576 일 전
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
|
652 일 전
DAX Drops Amidst Weak PMI, GDP
The DAX index that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange recorded a decline on Friday amidst weaker-than-expected economic data.
RTTNews
|
5 시간 8 분 전
Pound Slides On Weak U.K. Retail Sales, Flash PMI Reports
The British pound weakened against other major currencies in the European session on Friday, as weak U.K. retail sales for October and PMI data for November triggered expectations among traders for interest-rate cuts by the Bank of England (BoE) in the December meeting.
RTTNews
|
5 시간 41 분 전
Asian Markets Rally Despite China Sell-off
Asian markets broadly rallied and remained insulated from the turbulence in China's stock markets.
RTTNews
|
6 시간 34 분 전
UK Retail Sales Fall More Than Expected
UK retail sales declined more than expected in October as consumers reduced their spending on food and clothing, data released by the Office for National Statistics showed on Friday. Retail sales dropped 0.7 percent on a monthly basis in October, in contrast to the revised 0.1 percent rise in September. Sales were expected to fall 0.3 percent.
RTTNews
|
7 시간 23 분 전
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday.
RTTNews
|
7 시간 37 분 전
