Swedish Krona Falls To 5-day Low Against Euro
25 November 2015 - 4:59AM
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The Swedish krona weakened against the euro in the early
European session on Wednesday, after data showed that the nation's
economic sentiment worsened unexpectedly in November.
Data from the National Institute of Economic Research that the
economic tendency indicator fell to 106.5 in November from 108.4 in
the previous month, which was revised from 108.3. Economists had
expected the index to climb to 108.5.
The consumer confidence indicator also worsened to 95.8 in
November from 98.8 a month earlier. The expected score was 98.
Against the euro, the krona fell to a 5-day low of 9.2974 from an
early 2-day high of 9.2452. At yesterday's close, the krona was
trading at 9.2491 against the euro.
If the krona extends its downtrend, it is likely to find support
around the 9.34 area.
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