LONDON—The Swedish crown rallied on Thursday after the country’s central bank raised interest rates and forecast further tightening, while the dollar weakened against most other currencies alongside positive sentiment across markets.
The dollar was last down 1.4 percent against the crown at 10.45 crowns and the euro was down 1.16 percent at 11.21, after the Riksbank raised its interest rate by 50 basis points to 3 percent, and forecast more increases in the spring.
