Swedish Krona Off New 2-week High Vs Dollar After Riksbank Jansson's Remarks
April 28 2016 - 6:02AM
RTTF2
The Swedish Krona retreated from its early high against the U.S.
dollar in early New York trading on Thursday, as Sweden Central
Bank Deputy Governor Per Jansson talked down the currency, saying
he hoped for a weaker currency after the announcement of bond
purchase programme in April.
"The development is in the wrong direction and it's been going
on for some time, and I think that's worrying," Jansson said in
Stockholm.
The bank is ready to curb excessive appreciation of the currency
before it's "too late," he cautioned.
The Swedish Krona eased to 8.0898 against the greenback, off its
early new 2-week high of 8.0311. The Krona is likely to find
support around the 8.10 zone.
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