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Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

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Swedish Crona falls after higher than expected rate cut by Riksbank

Thursday, February 11, 2016 9:27 AM UTC

Central bank cut the repo rate to -0.5 percent vs -0.35 percent previous rate.
In a statement accompanying the announcement, the central bank said, "There is still scope to cut the repo rate further. The Riksbank is also analyzing whether it is possible within the operational monetary policy framework to implement other measures to underpin repo rate cuts."
USD/SEK is currently trading at 8.4556 levels. It made intraday high at 8.4758 and low at 8.3459 levels.
Swedish Crown was down by 0.94% vs dollar and 1.26% vs euro.
Intraday bias remains bullish for the moment.
Initial support levers are seen around 8.4208, 8.4010 and 8.3856 levels.
On the other side, resistance levels are seen at 8.4758, 8.4900 and 8.5026 levels.

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Swedish Crona falls after higher than expected rate cut by Riksbank

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