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Name | Symbol | Market | Type |
---|---|---|---|
United States Dollar vs Swedish Krona | FX:USDSEK | Forex | Exchange Rate |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0632 | 0.58% | 10.94909 | 10.94601 | 10.95217 | 10.97133 | 10.84452 | 10.88394 | 0 | 21:33:55 |
The Swedish Krona retreated from its early high against the U.S. dollar in early New York trading on Thursday, as Sweden Central Bank Deputy Governor Per Jansson talked down the currency, saying he hoped for a weaker currency after the announcement of bond purchase programme in April.
"The development is in the wrong direction and it's been going on for some time, and I think that's worrying," Jansson said in Stockholm.
The bank is ready to curb excessive appreciation of the currency before it's "too late," he cautioned.
The Swedish Krona eased to 8.0898 against the greenback, off its early new 2-week high of 8.0311. The Krona is likely to find support around the 8.10 zone.
1 Year US Dollar vs SEK Chart |
1 Month US Dollar vs SEK Chart |
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