The Swedish krona gained today after the nation’s central bank left its key repo rate unchanged. The bank slashed the rate two times since December. The currency gave away part of its gains, but remains above the opening for now.
The Riksbank left its main interest rate at 1.5 percent. The central bank explained that Sweden’s economy developed better than expected, but the eurozone crisis had its negative impact, subduing nation’s exports. The bank said that the rate would likely stay at the current level “for just over a year”.
USD/SEK fell from 6.9255 to 6.9135 as of 15:15 GMT today. The daily high was at 6.9495, while the low was at 6.9010.
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