Swedish Krona Rises Against Euro As Sweden's Jobless Rate Falls
23 Oktober 2014 - 10:14AM
RTTF2
The Swedish Krona edged up against the euro in early European
deals on Thursday following the release of data showing an
unexpected decrease in Sweden's jobless rate in September.
Data from Statistics Sweden showed that the unemployment rate
fell to 7.2 percent in September from 7.4 percent a month ago. This
also down from forecasts of 7.5 percent.
The number of employed aged 15-74 increased 101 thousand from
last year to 4.81 million in September.
The krona rose back to 9.1850 against the euro after the data.
If the krona extends rise, 8.85 is seen as its next possible
resistance level.
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