Krona Slides With Aussie as Central Banks Take Aim

Sweden’s krona plunged by the most in almost three years and Australia’s dollar tumbled as central banks around the world ramp up action that weighs on their currencies to support growth.

The krona slumped to its weakest level since September 2011 against the euro after the Riksbank cut its main interest rate by more than analysts estimated. The Aussie weakened after Reserve Bank Governor Glenn Stevens said it was “overvalued.” Europe’s 18-nation shared currency was little changed after the European Central Bank kept interest rates at record lows. A press briefing by ECB President Mario Draghi at 2:30 p.m. in Frankfurt will coincide with U.S. jobs data.