The Crown is Strengthened After Interest Rate Announcement
Photo: Martina Holmberg / TT

The Crown is Strengthened After Interest Rate Announcement

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Krona's strengthening continues and is now getting extra boost from the European Central Bank's interest rate cut on Thursday.

The euro has become five öre cheaper since Thursday and now costs 11.29 kronor. In a month, it's about a strengthening of 40 öre. A lower ECB rate reduces the pressure on the krona.

Compared to the dollar, the pattern is roughly the same. Since yesterday, the dollar has strengthened 4-5 öre and costs 10.37 kronor on Friday.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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