Sweden's krona drops after bad data
Bloomberg said that Monday that Sweden’s krona had the biggest decline against the dollar among 16 major currencies after a report showed service production unexpectedly declined in June from a month earlier.
Swedish service production fell 0.2 percent from May, when it gained 2.3 percent, according to Statistics Sweden, while production rose an annual 1.1 percent, compared with May’s 1.9 percent jump.
The Swedish krona fell 0.5 percent to 6.7407 per dollar and was 0.4 percent weaker at 8.3381 against the euro, Bloomberg said.










