Name Symbol Market Type
Euro vs Swedish Krona FX:EURSEK Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.00797 -0.08% 10.55813 10.55768 10.55858 10.56231 10.556 10.565845 0 08:05:22

Swedish Krona At 8-month Low Vs Euro As Riksbank Delays Rate Hike Plans

25/04/2019 6:47am


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3 Months : From Apr 2019 to Jul 2019

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The Swedish Krona depreciated against the euro in the European session on Thursday, after Sweden's central bank left its key interest rate unchanged and said they will remain at the current level for a longer period than forecast in February.

"The Executive Board has decided to hold the repo rate unchanged at -0.25 per cent and assesses that the rate will remain at this level for a somewhat longer period of time than was forecast in February," the Riksbank said in a statement.

The decision was in line with economists' expectations.

The Swedish Krona declined to 10.66 against the euro, its weakest since August 27, 2018. The pair finished Wednesday's trading at 10.52. Next support for the Krona is seen around the 11.00 region.

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