Krona Rallies as Sweden Exits Deflation

The Swedish krona rallied today as the country’s economy exited deflation, while the number of employed persons continued to grow, suggesting that the economy fares well.
Statistic Sweden reported that the inflation rate was unchanged in April (0.0 percent change) after falling 0.6 percent in March. The report said:

The main factor behind this month´s increase was more expensive international airline tickets (38.8 percent) which contributed upwards by 0.2 percentage points.

The employment rate grew by 0.4 percent in the first quarter of 2014 from the corresponding period in the previous year.
USD/SEK went down from 6.5651 to 6.5506 as of 13:36 GMT today.

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