Extremely narrow trading ranges have prevailed in the foreign exchange market as what has been an extremely quiet week draws to a close. The biggest mover of the week has been the Australian dollar, which has lost about 0.6% against the US dollar as sentiment reversed following the softer than expected Q1 inflation reading. The other dollar-bloc currencies were a tad softer. The other major currencies gained, with the Swedish krona the strongest, with a gain of almost 0.4%. The risk of a rate cut by the Riksbank in June has underpinned flows into Swedish stocks (one of the best performing bourses this week, with a ... (full story)