The Swedish krona strengthened against the euro in the early European session on Tuesday, after nation's consumer prices rose more than expected for December.

Data from Statistics Sweden showed that Sweden's consumer prices rose 0.2 percent in December, defying expectations for a 0.1 percent drop. In November, prices had fallen 0.1 percent. Meanwhile, consumer prices declined 0.3 percent year-on-year in December, slower than the 0.5 percent fall expected by economists. This follows a 0.2 percent fall in November.

Against the euro, the krona rose to a 4-day high of 9.4566 from an early low of 9.5747. At yesterday's close, the krona was trading at 1.5411 against the euro.

If the krona extends its uptrend, it is likely to find resistance around the 9.34 area.

Euro vs SEK (FX:EURSEK)
Forex Chart
Von Mär 2024 bis Apr 2024 Click Here for more Euro vs SEK Charts.
Euro vs SEK (FX:EURSEK)
Forex Chart
Von Apr 2023 bis Apr 2024 Click Here for more Euro vs SEK Charts.