Swedish Krona Pares Gain Vs Euro After Sweden Retail Sales Data
July 28 2015 - 4:05AM
RTTF2
The Swedish Krona came off from its early high against the euro
in early European deals on Tuesday, after data showed that the
nation's retail sales rose less-than-expected in June.
Data from Statistics Sweden showed that Sweden's retail sales
grew 3.8 percent in June, down from expectations for a growth of
4.0 percent.
On month, retail trade increased 0.3 percent, compared to
forecasts for a rise of 0.7 percent.
The Swedish currency reversed from an early 4-day high of 9.4126
against the euro, edging down to 9.4582. The next possible support
for the krona may be located around the 9.5 mark.
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