Swedish Krona Rises for First Day in Five After Economic Data

Apr 27,2019 04:28   Source:Earnforex
The Swedish krona rose today after falling for four days in a row. Decent domestic macroeconomic data helped the currency. Sweden’s retail sales rose 0.5% in March from the previous month on a seasonally adjusted basis, accelerating its rate of growth from February’s 0.3% and beating market expectations of 0.2%. Year-on-year though, the rate of growth slowed to 1.9% in March from 3.2% in February, missing the consensus forecast of 2.8%. The Producer Price Index […]

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