(Bloomberg) -- Sweden's krona fell for a fourth day
versus the euro, the worst run since March, on speculation its 2
percent surge last week doesn't reflect the outlook for interest
rates in the Nordic region's biggest economy.
The krona was the best performer of 71 currencies monitored
by Bloomberg last week as the central bank raised its benchmark
rate to 3.5 percent and signaled it would lift it twice more this
year, more than expected by economists. This triggered the
biggest weekly gain versus the euro in almost five years.
Read more at Bloomberg Currencies News
versus the euro, the worst run since March, on speculation its 2
percent surge last week doesn't reflect the outlook for interest
rates in the Nordic region's biggest economy.
The krona was the best performer of 71 currencies monitored
by Bloomberg last week as the central bank raised its benchmark
rate to 3.5 percent and signaled it would lift it twice more this
year, more than expected by economists. This triggered the
biggest weekly gain versus the euro in almost five years.
Read more at Bloomberg Currencies News
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