Bloomberg said the Swedish krona rose to a two-month high against the dollar after government reports showed consumer confidence improved and unemployment declined, damping speculation the central bank will cut interest rates further.

“These are very impressive numbers that are reducing the probability that the Riksbank will cut interest rates,” Jonas Thulin, head of global alpha strategy at Nordea Bank, told the newsbureau. “The krona has strengthened today and we think that will continue.”

The krona has gained 9.1 percent in the past 12 months, the best performer among 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes.