Thursday, October 15, 2026

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FxWirePro: Swedish Krona hits 1 year peak on upbeat service PMI

The Swedish Krona advanced to a 1-year peak on the back of upbeat service PMI and broad-based U.S. dollar weakness. Sweden's Services PMI increased to a seasonally adjusted 40.9 in May from 39.0 in the previous month. Th…

By FxWirePro Team
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FxWirePro: Swedish Krona hits 1 year peak on upbeat service PMI
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  • The Swedish Krona advanced to a 1-year peak on the back of upbeat service PMI and broad-based U.S. dollar weakness. 
     
  • Sweden's Services PMI increased to a seasonally adjusted 40.9 in May from 39.0 in the previous month.
     
  • The dollar index eased to a near 3-month low amid increasing friction between Washington and Beijing and protests in the United States over racism.
     
  • USD/SEK trades 0.1 percent up at 9.3390, having hit a low of 9.2618 earlier, its lowest since June 2019.
     
  • Immediate resistance is located at 9.3867, any close above could take it near 9.4388 (5-DMA).
     
  • On the lower side, support is seen at 9.2410, break below could take it till 9.2155.

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By FxWirePro Team