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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.