Swedish krona extends losses against euro as Riksbank may cut rates two or three times by year-end

According to Jinshi, the Swedish krona extended its losses against the euro after the Swedish central bank kept interest rates unchanged as expected and said it could cut rates two or three times by the end of the year, compared with previous guidance of two cuts. The euro rose 0.4% against the Swedish krona to 11.3351, the highest level since June 10.