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Currencies – Swedish Krona Surges to 2.5-Year Record on Higher Rates

Posted on: April 20, 2011

The Swedish krona jumped to the highest level in more than two and a half years after the central bank raised the interest rates to slow the inflation. The Riksbank, the Swedish central bank, increased its target rate by 25 basis points to 1.75 percent, in line with forecasts. The bank maintained

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