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Sweden’s krona jumps to a two-month high


The Swedish krona strengthened Tuesday as a report showed inflation was faster in December than economists forecast, Bloomberg said.

The krona jumped to a two-month high against the euro after Statistics Sweden said consumer prices rose 0.1 percent in December from a year earlier. Economists surveyed by Bloomberg predicted a 0.1 percent drop.

The Swedish currency advanced 1 percent to 8.8022 per euro after appreciating to 8.7954, the strongest since Nov. 12. The krona gained 1.1 percent to 6.4347 per dollar, Bloomberg said.

 

Last Updated (Wednesday, 15 January 2014 04:00)

 



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