[ad_1] Stockholm: The Riksbank sold US$390mil in the first week of hedging its currency reserves, which has helped the Swedish krona recover some ground after a long period of weakness.…
Tag: krona
Sweden’s krona hits new record low as central bank hikes and plays down currency intervention
[ad_1] The Swedish currency dropped to 0.0844 krona to the euro by early afternoon Thursday. The policy rate now sits at 3.75% and the figure is in line with forecasts…