Swedish Krona Rises Against Euro
04 Mai 2015 - 09:04AM
RTTF2
The Swedish krona strengthened against the euro ahead of
European deals on Monday, after data showed that the nation's
manufacturing growth accelerated in April to reach its highest
level in one year.
Data from the Swedbank and the Swedish National Association of
Purchasing & Logistics showed that the Purchasing Managers'
Index, or PMI, rose to 55.7 in April from 54.1 in the previous
month. Economists had expected the index to fall to 53.0. Against
the euro, the krona rose o 9.3704 from an early low of 9.4117. At
Friday's close, the krona was trading at 9.3957 against the
euro.
If the krona extends its uptrend, it is likely to find
resistance around the 9.12 area.
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