FxWirePro: Swedish Krona off near 2-week high as PM considers tightening restrictions measures
Monday, April 13, 2020 12:43 PM UTC
- The Swedish Krona eased, retreating from a near 2-week peak hit earlier in the session as Prime Minister Stefan Lofven said that they are considering tighter virus restriction measures.
- Sweden has not imposed strict lockdown measures, unlike other European countries.
- EUR/SEK trades 0.4 percent up at 9.9579, having hit a low of 9.9105 earlier, its lowest since April 1.
- Immediate resistance is located at 10.0012, any close above could take it near 10.0189.
- On the lower side, support is seen at 9.8971, break below could take it till 9.8775.