Swedish Krona Rises To 5-day High Against U.S. Dollar After Sweden GDP Data
November 29 2015 - 10:25PM
RTTF2
The Swedish krona strengthened against the U.S. dollar in the
early European session on Monday after data showed that the
nation's gross domestic product grew in the third quarter of
2015.
Data from the Statistic Sweden showed that the nation's gross
domestic product grew a seasonally adjusted 0.8 percent in the
third quarter of 2015, following a revised 1.0 percent growth in
the previous quarter.
Year-on-year, GDP rose 3.9 percent in the third quarter.
Against the greenback, the krona rose to a 5-day high of 8.6978
from an early low of 8.7501. At yesterday's close, the krona was
trading at 8.7263 against the greenback.
If the krona extends its uptrend, it is likely to find
resistance around the 8.50 area.
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