FxWirePro: USD/SEK scales to 2-1/2 month peak as dollar rallies on economic concerns
The Swedish Krona plunged to a 2-1/2 month low as the greenback surged across the board. The dollar index advanced as investors sought its safe-haven appeal on growing concerns over the resilience of an economic recovery…
The Swedish Krona plunged to a 2-1/2 month low as the greenback surged across the board.
The dollar index advanced as investors sought its safe-haven appeal on growing concerns over the resilience of an economic recovery in the United States and Europe.
USD/SEK trades 1.1 percent higher at 9.1040, having hit a high of 9.1043 earlier in the session, its highest since July 16.
Markets now await Swedish PPI and household lending growth figures for signs of recovey in the econony.
Immediate resistance is located at 9.1377, any close above could take it near 9.1591.
On the lower side, support is seen at 8.9571, break below could take it till 8.9240.
