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Market News Topics
November 07, 2018 09:29 GMT
The Riksbank has announced a change to......>
SCANDIS
SCANDIS: The Riksbank has announced a change to how it invests its FX reserves
and will now also buy NOK and DKK (in addition to current currencies USD, EUR,
GBP, AUD and CAD). However, in its new "policy portfolio" both new currencies
will only make up a 1% share each. With the Riksbank's FX reserves SEK462.2bn as
of 30 April 2018, the Riksbank will only need to buy SEK4.6bn of each currency
to be compliant with the new policy, which comes into effect on 1 January 2019.
To read the full story
Close
Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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