Swedish Krona Climbs To 2-week High Vs Euro After Riksbank Decision
20 Dicembre 2017 - 5:24AM
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The Swedish Krona spiked up against the euro in early European
deals on Wednesday, as Sweden's central bank decided to maintain
its negative interest rate and to begin reinvesting next month the
bonds that mature in 2019.
The Executive Board of the Riksbank voted to hold the repo rate
at -0.50 percent, and to begin slowly raising the repo rate in the
middle of 2018 as previously announced.
The Swedish Krona climbed to a 2-week high of 9.8585 against the
euro, from Tuesday's closing value of 9.9447. The Krona is likely
to find resistance around the 9.7 region.
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