Swedish central bank hedges part of forex reserves to reduce risk

Sweden's central bank said on Thursday it would hedge part of its foreign exchange reserves by selling $8 billion and 2 billion euros ($2.1 bln) for Swedish crowns over the coming months. "The measure is aimed at limiting the Riksbank' losses if the krona appreciates and does not have a monetary policy purpose," it said in a statement.

($1 = 0.9388 euros)