Swedish Krona Falls Against Euro
02 März 2015 - 9:15AM
RTTF2
The Swedish krona weakened against the euro ahead of European
deals on Monday after Sweden's manufacturing growth slowed for the
second straight month in February.
Data from the Swedbank and the Swedish National Association of
Purchasing & Logistics showed that Sweden's Purchasing
Managers' Index, or PMI, fell to 53.3 in February from 55.2 in the
previous month.
Against the euro, the krona fell to 9.3566 from Friday's closing
value of 9.3598.
If the krona extends its downtrend, it is likely to find support
around the 9.65 area.
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