The Swedish Krona gained today after touching the highest level in a week against the US dollar yesterday as the speculation that the US economy is recovering returned risk appetite to the Forex market to some degree.
Analysts predict that today’s economic data will show that the US economy grew in the third quarter and the consumer confidence improved this month. The Standard & Poorâs 500 Index futures rose 0.3 percent today. The Stoxx Europe 600 Index advanced 1 percent after losing 0.5 percent yesterday.
USD/SEK traded at 6.8820 today as of 10:13 GMT, following the drop from 6.8896 to 6.8437. Yesterday, the currency pair reached 6.7828 — the lowest level since December 12.
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