| Sweden’s krona weakened the most in 16 months against the euro after the nation’s central bank cut interest rates and expanded its government-bond purchase plan outside of its schedule for policy decisions.
The Swedish currency depreciated to a six-year low against the dollar as the Riksbank took further steps to combat low consumer price growth, after it exited deflation in February for the first time in seven months. Central banks from the euro area to Denmark are easing monetary policy to revive their economies and prevent significant currency appreciation using measures that include buying public debt and imposing negative interest rates...............................................Full Article: Source
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