Swedish Krona Rises To More Than 2-month High Against U.S. Dollar
December 28 2015 - 11:13PM
RTTF2
The Swedish krona strengthened against the U.S. dollar in the
early European session on Tuesday.
Meanwhile, data from Statistics Sweden showed that Sweden's
trade deficit widened to SEK 5.2 billion in November from SEK 0.5
billion in the corresponding month last year. In October, the
shortfall was SEK 1.7 billion.
On a seasonally adjusted basis, the net trade deficit for
November was SEK 1.7 billion versus SEK 1.1 billion in October.
Against the greenback, the krona rose to more than a 2-month
high of 8.3224 from an early low of 8.3782. At yesterday's close,
the krona was trading at 8.3689 against the greenback.
If the krona extends its uptrend, it is likely to find
resistance around the 8.10 area.
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