Krona Rises To 6-day High Vs U.S. Dollar After Sweden Manufacturing PMI
October 01 2014 - 3:01AM
RTTF2
The Swedish krona strengthened against the U.S. dollar in ahead
of European session on Wednesday after data showed that Sweden's
manufacturing sector grew at a faster rate in September.
Data from Swedbank showed that the manufacturing purchasing
managers' index, or PMI, rose to 53.4 in September from 51 in
August.
Against the greenback, the krona rose to a 6-day high of 7.1908
from an early low of 7.2243. At yesterday's close, the krona was
trading at 7.2118 against the greenback.
If the krona extends its uptrend, it is likely to find
resistance around the 7.16 area.
US Dollar vs SEK (FX:USDSEK)
Forex Chart
From Mar 2024 to Apr 2024
US Dollar vs SEK (FX:USDSEK)
Forex Chart
From Apr 2023 to Apr 2024