Swedish Krona Slides To 5-1/2-month Low Versus Euro After Inflation Data
19 Février 2019 - 8:34AM
RTTF2
The Swedish Krona declined against the euro in the European
session on Tuesday, as a data showed that the nation's consumer
inflation worsened in January.
Data from Statistics Sweden showed that the CPI dropped 1.0
percent on a monthly basis from December, when prices grew by 0.4
percent.
Year-on-year, the CPI rose 1.9 percent after a 2.0 percent
increase in the previous month. Economists had forecast a 2.2
percent growth.
The Swedish currency fell to a 5-1/2-month low of 10.6218 versus
the euro from yesterday's closing value of 10.4656. If the Krona
drops further, 11.00 is possibly seen as its next support
level.
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