FxWirePro: Swedish Krona plunges to 1-week trough on soft capacity utilization figures
The Swedish Krona declined to an over 1-week low following the release of downbeat capacity utilization data. Sweden's industries operated at 82.8 percent of their production capacity in Q2 2020, the lowest since the fou…
The Swedish Krona declined to an over 1-week low following the release of downbeat capacity utilization data.
Sweden's industries operated at 82.8 percent of their production capacity in Q2 2020, the lowest since the fourth quarter of 2009, and compared to a downwardly revised 89.1 percent in the prior period.
USD/SEK trades 0.9 percent higher at 8.7860, having hit a high of 8.7891 earlier, its highest since August 3.
Immediate resistance is located at 8.8068, any close above could take it near 8.8461.
On the lower side, support is seen at 8.6639, break below could take it till 8.6471.
