The Swedish Krona declined following the release of the worse-than-expected unemployment rate. Sweden's jobless rate rose to 8.2 percent in April from 6.8 percent in the same month of the previous year, as the effects of…
The Swedish Krona declined following the release of the worse-than-expected unemployment rate.
Sweden's jobless rate rose to 8.2 percent in April from 6.8 percent in the same month of the previous year, as the effects of the coronavirus crisis began to be felt.
USD/SEK trades 0.05 percent up at 9.6752, having hit a low of 9.5523 on Thursday, its lowest since March 12.
The pair rose as high as 9.7021 earlier in the session, breaching above 200-DMA.
Immediate resistance is located at 9.7142, any close above could take it near 9.7342.
On the lower side, support is seen at 9.6468 (5-DMA), break below could take it till 9.6324.
