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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.0022 | 0.02% | 10.91781 | 10.91718 | 10.91844 | 10.92067 | 10.89221 | 10.91734 | 0 | 09:19:09 |
The Swedish krona weakened against the U.S. dollar in the early European session on Thursday after Sweden's central bank cut its key interest rate unexpectedly to negative zone.
The Executive Board of Riksbank decided to cut the repo rate by 0.10 percentage point to -0.10 percent. The bank will also buy government bonds with maturities of 1-5 years for the sum of SEK 10 billion.
Against the U.S. dollar, the krona fell to 8.5541 for the first time since April 2009 from an early high of 8.3474. At yesterday's close, the krona was trading at 8.3664 against the greenback.
If the krona extends its downtrend, it is likely to find support around the 8.85 area
1 Year US Dollar vs SEK Chart |
1 Month US Dollar vs SEK Chart |
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