LONDON—The Swedish crown weakened sharply on Wednesday after the country’s central bank was less hawkish than expected, while the euro rebounded from losses a day earlier when jitters about the U.S. banking sector helped the safe-haven dollar.
The euro rose as much as 1.05 percent against the crown to 11.426, set for its biggest one-day gain since early March. The dollar, which traded down 0.7 percent against the crown before the Riksbank’s decision, was steady at 10.305 crowns.
