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0.0200729927007298 0.0200729927007298 0.0200729927007298 0.0182481751824817 0.0200729927007298 0.0218978102189781 0.0182481751824817 0.0255474452554744
Stock impact report

Swedish crown hits lowest level since 2016 [CNBC]

SOCIETE GENL FRNCE S/ADR (SCGLY) 
NASDAQ:AMEX Investor Relations: societegenerale.com/en/investors
Company Research Source: CNBC
Swedish crown hits lowest level since 2016 Sean Gallup | Getty Images The Swedish crown plummeted on Tuesday after weak inflation data prompted investors to sell the currency and scale back bets on an interest rate hike this year. The currency rose last week after Sweden's central bank broke with growing caution among major monetary-policy makers by saying it would stick to its plan to raise rates in the second half of 2019. But the krona Against the euro "The crown outlook is getting more and more worrisome by the week, the 10.75 to 11.00 range should not be ruled out in EUR/SEK later in 2019," said Andreas Larsen, a strategist at Nordea Markets. The euro fell broadly as investors shifted focus from progress in U.S.-China trade talks to an economic slowdown in the eurozone. The single currency had been buoyed on Monday as expectations grew for an easing of the U.S.-China trade conflict. But euro zone bond yields, notably those of German bunds, fell amid the cloudy European economic o Show less Read more
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