Swedish Krona Advances To Weekly High Against Euro After Sweden CPI
13 August 2015 - 10:18AM
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The Swedish Krona drifted higher against the euro in European
deals on Thursday, after data showed that Sweden consumer prices
came in better-than-expected in July.
Data from Statistics Sweden showed that Sweden's consumer prices
were flat on month in July, up from expectations for a decline of
0.3 percent.
On year, the CPI fell by 0.1 percent in July, compared to
forecasts for a 0.4 percent drop, which would have been unchanged
from last month.
The Swedish currency advanced to a weekly high of 9.4841 against
the euro, up from yesterday's closing value of 9.5724. The next
possible resistance for the Swedish Krona may be located around the
9.40 mark.
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