Swedish Krona At 6-day High Against U.S. Dollar After Riksbank Decision

RTTNews | 836 dagar sedan
Swedish Krona At 6-day High Against U.S. Dollar After Riksbank Decision

(RTTNews) - The Swedish krona climbed against the U.S. dollar in the European session on Thursday, as Sweden central bank lifted its key interest rate by 50 basis points and signaled additional hike during the spring.

The Executive Board of Riksbank decided to raise the policy rate by 0.5 percentage points to 3.0 percent.

"By tightening monetary policy more now, the Riksbank is reducing the risk that the high inflation will remain for a longer period and thus that even greater tightening would be needed further ahead," the bank said in a statement.

With the current monetary policy stance, inflation is expected to fall back this year and to stabilise close to 2 per cent from 2024, it added.

The Swedish krona touched a 6-day high of 10.41 against the greenback from yesterday's close of 10.58. The currency is likely to challenge resistance around the 9.7 level.

read more
Swedish Krona Falls Against U.S. Dollar After Riksbank Decision

Swedish Krona Falls Against U.S. Dollar After Riksbank Decision

The Swedish krona dropped against the U.S. dollar in the European session on Thursday, as Sweden's central bank left its key interest rate unchanged but indicated that the policy rate could be lowered sooner than indicated, if inflation continues to fall.
RTTNews | 479 dagar sedan
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is slightly lower in choppy trading on Monday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying near the 8,350.00 level, with a mixed performance across most sectors. Gold miners were the only bright spot
RTTNews | 15 minuter sedan
China Shares Likely To Open To The Downside Again On Monday

China Shares Likely To Open To The Downside Again On Monday

The China stock market has moved lower in two straight sessions, falling almost 40 points or 1.2 percent along the way. The Shanghai Composite Index now rests just beneath the 3,350-point plateau and it's looking at another soft start again on Monday.
RTTNews | 15 minuter sedan
Taiwan Shares May See Further Damage Again On Monday

Taiwan Shares May See Further Damage Again On Monday

The Taiwan stock market has moved lower in back-to-back sessions, sinking more than 150 points or 0.7 percent along the way. The Taiwan Stock Exchange now sits just above the 21,650-point plateau and it may extend its losses on Monday.
RTTNews | 45 minuter sedan
Singapore Bourse Likely To Remain Rangebound

Singapore Bourse Likely To Remain Rangebound

The Singapore stock market ticked higher again on Friday, one day after ending the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just above the 3,880-point plateau, although it may remain stuck in neutral on Monday.
RTTNews | 1h 15minuter sedan
Malaysia Stock Market May See Renewed Consolidation

Malaysia Stock Market May See Renewed Consolidation

The Malaysia stock market on Friday ended the six-day losing streak in which it had tumbled more than 55 points or 3.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau although it's expected to open under pressure again on Monday.
RTTNews | 1h 45minuter sedan