Swedish Krona Rises To 1-week High Against U.S. Dollar
November 30 2015 - 10:10PM
RTTF2
The Swedish krona strengthened against the U.S. dollar in the
early European session on Tuesday.
Data from the Swedbank and the Swedish National Association of
Purchasing & Logistics showed that Sweden's Purchasing
Managers' Index, or PMI, rose to 54.9 in November from 53.4 in the
previous month.
Against the greenback, the krona rose to a 1-week high of 8.6847
from an early low of 8.7257. At yesterday's close, the krona was
trading at 8.7222 against the greenback.
If the krona extends its uptrend, it is likely to find
resistance around the 8.60 area.
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