Swedish Krona Rises To 9-day High Against U.S. Dollar
June 03 2015 - 3:53AM
RTTF2
The Swedish krona strengthened against the U.S. dollar ahead of
European session on Wednesday.
In other economic news, data from the Swedbank showed Sweden's
purchasing managers' index, or PMI, rose to 58.2 in May from 54.0
in the previous month.
The latest figure was the highest since July 2014, when it
marked 60.1. Against the greenback, the krona rose to a 9-day high
of 8.3948 from an early low of 8.4547. At yesterday's close, the
krona was trading at 8.4369 against the greenback.
If the krona extends its uptrend, it is likely to find
resistance around the 8.10 area.
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