Swedish Krona Gains After Reaching Weekly Record

The Swedish Krona gained today after touching the highest level in a week against the US dollar yesterday as the speculation that the US economy is recovering returned risk appetite to the Forex market to some degree.
Analysts predict that today’s economic data will show that the US economy grew in the third quarter and the consumer confidence improved this month. The Standard & Poor’s 500 Index futures rose 0.3 percent today. The Stoxx Europe 600 Index advanced 1 percent after losing 0.5 percent yesterday.
USD/SEK traded at 6.8820 today as of 10:13 GMT, following the drop from 6.8896 to 6.8437. Yesterday, the currency pair reached 6.7828 — the lowest level since December 12.

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

Leave a Reply

Your email address will not be published. Required fields are marked *

ninety three − 90 =