Swedish Krona Rises To 2-day High Against U.S. Dollar
February 25 2015 - 4:47AM
RTTF2
The Swedish krona strengthened against the U.S. dollar in the
early European session on Wednesday, after the minutes from the
Riksbank's meeting on February 11.
The minutes showed that the Swedish monetary policymakers
unanimously voted to cut the key rate to negative zone of -0.10
percent early this month, while one member voted against
quantitative easing.
The executive board of Riksbank agreed that monetary policy
needs to be even more expansionary to reduce the risk of long-term
inflation expectations continuing to fall.
Against the greenback, the krona rose to a 2-day high of 8.3531
from an early low of 8.4129.
If the krona extends its uptrend, it is likely to find
resistance around the 8.07 area.
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