Swedish Krona Rises Against Euro
October 05 2015 - 2:18AM
RTTF2
The Swedish krona strengthened against the euro in the European
session on Monday after data showed that the nation's industrial
production increased at a faster-than-expected pace in August.
Data from Statistics Sweden showed that Sweden's industrial
production grew notably by a seasonally adjusted 4.7 percent
month-over-month in August, reversing a 4.0 percent decrease in
July, revised from a 3.0 percent decline. Economists had expected
only a 1.0 percent rise for the month.
Against the euro, the krona rose to 9.3452 from an early 5-day
low of 9.3919.
If the krona extends its uptrend, it is likely to find
resistance around the 9.30 area.
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