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Swedish Krona Rises for First Day in Five After Economic Data

April 26, 2019 at 15:36 by Vladimir Vyun

A fan of Swedish krona notesThe Swedish krona rose today after falling for four days in a row. Decent domestic macroeconomic data helped the currency.

Sweden’s retail sales rose 0.5% in March from the previous month on a seasonally adjusted basis, accelerating its rate of growth from February’s 0.3% and beating market expectations of 0.2%. Year-on-year though, the rate of growth slowed to 1.9% in March from 3.2% in February, missing the consensus forecast of 2.8%. The Producer Price Index climbed 1.2% in March on a monthly basis, rising much faster compared to February’s 0.2% pace of increase.

USD/SEK dropped from 9.5329 to 9.4833 as of 15:22 GMT today. EUR/SEK declined from 10.6123 to 10.5912, touching the low of 10.5649.

If you have any questions, comments, or opinions regarding the Swedish Krona, feel free to post them using the commentary form below.

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