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Add as a preferred source on Google FxWirePro: Swedish Krona slumps to 1-week low on downbeat employment data The Swedish Krona declined to a 1-week low following the release of soft employment data. Sweden's unemployment rate rose to 8.9 percent in July from 6.9 percent in the same period last year, as the coronavirus crisis hi…
By FxWirePro Team Aug 20, 2020, 9:42 AM UTC
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The Swedish Krona declined to a 1-week low following the release of soft employment data.
Sweden's unemployment rate rose to 8.9 percent in July from 6.9 percent in the same period last year, as the coronavirus crisis hit the labor market.
The number of unemployed increased by 112 thousand from a year earlier to 502 thousand, while employment declined by 120 thousand to 5.150 million.
USD/SEK trades 0.5 percent higher at 8.6302, having hit a low of 8.6101 on Tuesday, its lowest since May 2018.
Immediate resistance is located at 8.7694 (21-EMA), any close above could take it near 8.7902.
On the lower side, support is seen at 8.6516, break below could take it till 8.6236.
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By FxWirePro Team Oct 15, 2026, 3:20 AM UTC
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