The Swedish Krona erased its early losses against the U.S. dollar in early European deals, and climbed after Sweden's central bank kept its negative interest rate unchanged.

The Executive Board of the Riksbank decided to hold the repo rate unchanged at -0.50 percent and assessed that there will be a longer delay until the repo rate begins to be raised.

The bank previously lowered the rate by 0.15 percentage points in February.

The Swedish Krona advanced to 8.5156 against the greenback, off its early 8-day low of 8.5595. The Krona may locate resistance around the 8.4 zone.

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