Swedish Krona Rises To 2-day High Against Euro After Sweden CPI
13 June 2017 - 2:44PM
RTTF2
The Swedish Krona rose against the euro in early European deals
on Tuesday, after data showed that Sweden's consumer price
inflation rose more than forecast in May.
Figures from Statistics Sweden showed Sweden's consumer price
inflation climbed 1.7 percent year-over-year in May, up from
forecasts for a 1.6 percent rise.
Nonetheless, it was below the 1.9 percent rise in April, which
was the highest inflation since February 2012.
The Swedish Krona climbed to a 2-day high of 9.7251 against the
euro, compared to 9.7975 hit late New York Monday. The Krona is
likely to find resistance around the 9.65 zone.
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