BLBG:Krona Falls Versus Most Currencies Before Rates Decision
Sweden’s krona fell against most of its major peers before the nation’s central bank presents its latest interest-rate decision.
The Swedish currency was little changed against the dollar and the euro. The Riksbank will keep its repo rate at 1.5 percent after lowering it twice since December, according to 14 of 18 economists surveyed by Bloomberg. Four predict policy makers will lower the rate to 1.25 percent.
The krona traded at 8.8817 per euro at 7:01 a.m. London time, and 6.7705 per dollar. It weakened against 11 of its 16 major peers, falling most against the South Korean won.
To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net
To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net
