EURSEK Euro vs Swedish Krona

11.65754

0.0042 (0.04%)

Last Updated: 08:24:59

Delayed by 15 minutes

Name	Symbol	Market	Type
Euro vs Swedish Krona	FX:EURSEK	Forex	Exchange Rate

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.0042	0.04%	11.65754	11.65583	11.65924	11.66163	11.64484	11.65379	0	08:24:59

Krona Rises Against Euro After Sweden Retail Sales Data

29/09/2014 9:29am

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Euro vs SEK (FX:EURSEK)
Forex Chart

From May 2019 to May 2024

The Swedish krona strengthened against the euro in the early European session on Monday after data showed that Swedish retail sales increased at a faster-than-expected pace in August.

Data from Statistics Sweden showed that retail sales volume grew 1.9 percent in August, reversing the 1.1 percent drop in July and also bigger than the expected 0.6 percent growth.

Retail sales increased 4.6 percent year-on-year in August, faster than the 2.2 percent rise in July. This was the fastest growth since April. The rate also exceeded the 3.4 percent rise forecast by economists.

Against the euro, the krona edged up to 9.1896 from an early multi-day low of 9.2248. At last week's close, the krona was trading at 9.2151 against the euro.

If the krona extends its uptrend, it is likely to find resistance around the 9.27 area.