Archive for the ‘Swedish Krona’ Category

Swedish Krona Down on Central Bank Surprise

Thursday, July 2nd, 2009

Swedish kronaThe Swedish krona lost against the euro and the dollar today after the nation’s central bank unexpectedly cut its benchmark interest rate and stated that the recession is deeper than predicted.

Swedish Krona at Six-Week Low as Concerns Rise in Latvia

Thursday, June 4th, 2009

Swedish kronaThe Swedish currency hit a six-week low level after speculations rose that Latvia will devalue its currency, as an attempt to save the country from a deep recession, consequently affecting negatively loans held by Swedish banks in the Baltic Nation.

Swedish Krona Near 5-Year Low on Rate Cut

Thursday, December 4th, 2008

Swedish kronaThe Swedish krona advanced it’s yearly low levels against the U.S. dollar today as the country’s central bank surprised the market participants with the biggest rate cut in the last 16 years to prevent the economy from contracting.

Swedish Riksbank Leaves Rate at 4.00%

Wednesday, December 19th, 2007

Swedish kronaSwedish central bank left the main interest rate unchanged at 4.00% during the meeting of the Executive Board on 18 December.


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