Swedish Krona Slumps on Speculation Riksbank Will Cut Rates
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Sweden’s krona slid to more than a two-month low against the euro after a report showed unemployment unexpectedly rose in March, boosting speculation the central bank will need to cut interest rates.
The krona slid 0.5 percent to 8.5777 against the euro as of 12:46 p.m. in Stockholm, the lowest since Feb. 12. Against the dollar, it fell 1.2 percent to 6.6083. It was the worst performer against the dollar, euro and yen.