FOREX

Swedish crown, bond yields fall after Riksbank expands QE -

The Swedish crown and 10-year government bond yields dropped to two-month lows on Wednesday after Sweden's central bank expanded its asset purchase program and vowed to intervene in the currency market if an upturn in inflation is threatened.

The Riksbank held its benchmark repo rate unchanged at -0.35 percent, as expected, and said it would expand its bond buying program by 65 billion Swedish crowns ($7.65 billion) to a total of 200 billion crowns.

The crown fell to 9.4360 per euro, down 0.4 percent on the day, before recovering to trade at 9.3950, broadly unchanged on the day.

The dollar rose to around 8.5434 crowns, up 0.2 percent on the day.

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