We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0325 | 0.28% | 11.73076 | 11.72877 | 11.73275 | 11.73152 | 11.69567 | 11.6972 | 0 | 11:12:48 |
From May 2019 to May 2024
The Swedish Krona fell sharply against the euro in European deals on Tuesday, as Sweden's central bank cut repo rate to zero percent.
The Executive Board of the Riksbank lowered its key rate by a quarter point to zero from 0.25 percent. Members assessed that the monetary policy needs to be even more expansionary for inflation to rise towards the target of 2 percent.
The low repo rate increases demand in the economy, which contributes to higher inflationary pressures.
The bank, meanwhile, assessed that it is appropriate to slowly begin raising the repo rate in the middle of 2016. It would reach 1.75 percent towards the end of 2017.
The krona slipped to 9.3480 against the euro, its lowest since July 3, when it hit a 3-1/2-year low. The next possible downside target for the krona lies around the 9.5 zone. The pair closed yesterday's deals at 9.2644.
1 Year Euro vs SEK Chart |
1 Month Euro vs SEK Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
