The Swedish Krona declined against the euro in early European deals on Tuesday, after the Swedish Central bank decided to hold its repo rate unchanged at zero percent as widely expected by economists.

Sweden's central bank also announced that it is preparing further measures to make monetary policy expansionary.

The Executive Board of the Riksbank assessed that the repo rate needs to remain at zero percent for a slightly longer period than was forecast earlier.

The Krona fell to 9.5455 against the euro, a 4-1/2-year low, from an early high of 9.4750. The next possible support for the krona is seen around the 9.6 region. At yesterday's close, the pair was worth 9.5066.

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