Advertisement
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
|
398 dias atrás
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
|
679 dias atrás
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
|
755 dias atrás
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
|
7 h 18 min atrás
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
|
7 h 40 min atrás
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
|
8 h 40 min atrás
U.S. Private Sector Employment Climbs Much Less Than Expected 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.
RTTNews
|
9 h 33 min atrás
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
|
9 h 46 min atrás
