Swedish Krona At 8-day Low Vs U.S. Dollar As Sweden's Economic Confidence Falls
February 20 2015 - 5:07AM
RTTF2
The Swedish Krona declined against the U.S. dollar in early
European deals on Friday, after data showed that Sweden's economic
confidence weakened unexpectedly in February.
Survey data from the National Institute of Economic Research
showed that Sweden's economic tendency indicator fell to 104.8 in
February from 105.6 in January. Economists had forecast the index
to rise to 106.
The Swedish Krona dropped to an 8-day low of 8.4496 against the
greenback, compared to yesterday's closing value of 8.4216. The
next possible downside target for the krona is seen around the 9.0
level.
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