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‘Lower for longer’ expected to continue – Riksbank’s Floden

FXStreet (Edinburgh) - According to Riksbank’s board member Martin Floden, the central bank will keep unchanged its current expansionary monetary stance in order to lift domestic inflation figures.

He has also stressed that lower interest rates carry risks and that the Nordic central bank could cut rates further and expand QE.

The Swedish krona has depreciated vs. the euro following the comments, testing session tops around 9.300 the figure.

NZD/USD sits at fresh 6-week highs above 0.6600

The NZD/USD pair extends its vertical rise into a seventh day on Wednesday and jumps above 0.66 handle, the highest level since Aug 24, as the bullish momentum in the commodity space, especially oil, bolsters the resource-linked Kiwi.
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Brazil IPCA Inflation climbed from previous 0.22% to 0.54% in September

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