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Bloomberg said that Monday that Sweden’s krona rose to the highest level against the dollar in almost six months in Stockholm trading.
“The macro picture is still strong in Sweden and no one expects the Riksbank to cut rates,” Anders Eklöf, a currency strategist at Swedbank AB, told the newswire. “We also have some softness in the dollar ahead of Jackson Hole later in the week.”
The krona rose against all major currencies tracked by Bloomberg and climbed 0.25 percent versus the euro to 8.2444. It strengthened as much as 0.59 percent against the dollar to 6.5662.
Last Updated (Tuesday, 28 August 2012 09:39)