The Swedish krona strengthened against the euro in the early European session on Wednesday.

In economic news, data from Swedbank showed that Sweden's service sector growth slowed at a faster than expected pace in February. The purchasing managers' index for the service sector, or PMI, fell to 56.7 in February from January's six-month high of 57.9.

Against the euro, the krona rose to 9.2071 for the first time since November 11, 2014 from an early low of 9.2616. At yesterday's close, the krona was trading at 9.2481 against the euro.

If the krona extends its uptrend, it is likely to find resistance around the 9.05 area.

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