Swedish Krona Appreciates To 5-day High Vs Dollar After Sweden Rate Decision
12 Februar 2020 - 7:11AM
RTTF2
The Swedish Krona was higher against the U.S. dollar during the
European session on Wednesday, after Sweden's central bank
maintained its key interest rate and signaled that rates will
remain zero for a prolonged period.
The Executive Board of Riksbank decided to keep its repo rate
unchanged at zero percent, as widely expected.
The repo rate remained negative since the start of 2015 until
December 2019, when it was raised by 25 basis points to the current
level.
The Swedish currency rose to a 5-day high of 9.6132 against the
greenback, from Tuesday's closing value of 9.6330. Next immediate
resistance for the Swedish Krona is found around the 9.3 level.
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