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Trading news
21 Apr 2015
Sweden unemployment sees a sharp drop – BBH
FXStreet (Barcelona) - Previewing the employment data release in Sweden, the Brown Brothers Harriman Team note that the better than expected decline supported the krona.
Key Quotes
“Elsewhere, we note that Sweden reported a sharper than expected decline in unemployment, and this lent support to the krona. However, central bank still seems more concerned about deflation than the real economy itself.”
“The March unemployment rate fell to 8.0% from 8.4%. Swedish unemployment swings around quite a bit. It was 9.2% last June and fell to 7.0% at the end of the year, only to jump to 8.4% in January and February.”
“The Swedish krona is flat against the dollar, but up about 0.3% against the euro.“
Key Quotes
“Elsewhere, we note that Sweden reported a sharper than expected decline in unemployment, and this lent support to the krona. However, central bank still seems more concerned about deflation than the real economy itself.”
“The March unemployment rate fell to 8.0% from 8.4%. Swedish unemployment swings around quite a bit. It was 9.2% last June and fell to 7.0% at the end of the year, only to jump to 8.4% in January and February.”
“The Swedish krona is flat against the dollar, but up about 0.3% against the euro.“