Swedish Krona Recovers Against Euro
July 29 2015 - 06:15AM
RTTF2
The Swedish krona recovered from an early low against the euro
in the European session on Wednesday.
In other economic news, data from the National Institute of
Economic Research showed that Sweden's economic tendency indicator,
which reflects how firms and consumers view the economy, rose
more-than-expected to 102.7 in July from 101.6 in June, which was
revised up from 101.3. It was forecast to rise to 101.5.
Against the euro, the krona rose to 9.4740 from an early more
than 5-month low of 9.5273. At yesterday's close, the krona was
trading at 9.4597 against the euro.
If the krona extends its uptrend, it is likely to find
resistance around the 9.35 area.
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