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Swedish Krona Eyes Recovery Road after Riksbank Mulls Rate Rise

  • Written by James Skinner
  • Category: News

SEK

The Krona topped the major currency rankings in the penultimate session of the week after the Riksbank signalled that it could be about to shift to a ‘hawkish’ interest rate stance that some analysts say would act as a catalyst for a turnaround by the beleaguered Swedish currency.

Read more: Swedish Krona Eyes Recovery Road after Riksbank Mulls Rate Rise

Turkish Lira Well on Course for Worst Year on Record

  • Written by James Skinner, Additional Editing by Gary Howes
  • Category: News

Erodgan

The Lira spiralled to new lows that saw 2021’s losses against the Dollar and Pound surpassing the 40% threshold on Wednesday as a perfect storm of adverse conditions threatened to condemn the Turkish currency to its worst year on record.

Read more: Turkish Lira Well on Course for Worst Year on Record