Swedish Krona Rises with Improving Consumer Confidence

The Swedish krona gained after the reports showed that consumer confidence improved and unemployment grew slower than expected.

The National Institute of Economic Research reported that the consumer confidence index rose to 5.6 in July from 3.1 in June. The unemployment rate rose by 0.1 percentage point to 8.8 percent last month. The expected rate was at 8.9 percent.

USD/SEK fell from 6.9659 to 6.9306 as of 10:29 GMT today.

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