Swedish Krona Advances To 2-day High Versus Euro After Sweden GDP Data
30 Juli 2015 - 10:25AM
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The Swedish Krona firmed against the euro in early European
deals on Thursday, after data showed that Sweden's economic growth
improved more-than-expected in the second quarter.
Data from Statistics Sweden showed that Sweden's GDP grew 1
percent in the second quarter, beating estimates for a growth of
0.7 percent. In the first quarter, the GDP increased by 0.4
percent.
On year, the gross domestic product advanced by 3 percent,
higher than the expected 2.5 percent rise.
The Swedish currency, which ended yesterday's trading at 9.4863
against the euro, advanced to a 2-day high of 9.4380. If the Krona
extends rise, it may find resistance around the 9.4 mark.
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