Swedish Krona Falls To More Than 2-week Low Against Euro
June 02 2015 - 5:13AM
RTTF2
The Swedish krona weakened against the euro in the early
European session on Tuesday.
In economic news, data from Statistics Sweden showed that
Sweden's current account surplus climbed to SEK 80.6 billion in the
three-month period to March from SEK 67.5 billion in the
corresponding period last year. In the fourth quarter, the surplus
was SEK 69.9 billion. Against the greenback, the krona fell to more
than a 2-week low of 9.3913 from an early high of 9.3478. At
yesterday's close, the krona was trading at 9.3698 against the
euro.
If the krona extends its downtrend, it is likely to find support
around the 9.45 area.
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