• The Swedish Krona plunged to an over 1-month low following downbeat economic data.
   
• Sweden's industrial production dropped 8 percent from a year earlier in July, following an upwardly revised 8.9 percent fall in the previous month, amid the coronavirus pandemic.
   
• Separate data showed total orders received by Swedish industries dropped 6.4 percent year-on-year in July, following a downwardly revised 13.1 percent plunge in the previous month. 
   
• Moreover, strength in the greenback against a basket of currencies further eased the bid tone around the Swedish currency. 
   
• USD/SEK trades 0.5 percent higher at 8.8029, having hit a high of 8.8175 earlier, its highest since July 27.
   
• Immediate resistance is located at 8.8276, any close above could take it near 8.8461. 
   
• On the lower side, support is seen at 8.7304, break below could take it till 8.7099.