The Swedish krona gained today as consumer price inflation accelerated, beating analysts’ forecasts and improving prospects for the nation’s economy and currency.
The Swedish Consumer Price Index rose 0.4 percent in March from February. The annual inflation rate was at 0.0 percent in March after falling 0.2 percent in February. Analysts have anticipated that the rate would fall 0.2 percent last month too.
USD/SEK ticked down from 6.3965 to 6.3398 as of 11:35 GMT today.
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