Thursday, 15 November 2012

SEK Off Day Lows After Swedish Jobless Falls

SEK off day lows after Swedish unemployment rate drops to 7.1% when a 7.4% print had been expected. SEK was under pressure before the numbers, with a fresh 3-month high of 6.8029 seen for USD/SEK. That spot now trades at 6.7720, while EUR/SEK is at 8.6350 from 8.6657 just prior the numbers. Next support for USD/SEK is 6.72, support for EUR/SEK is 8.5950.

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