The Swedish krona gained today after data showed that the nation’s economy expanded last quarter two times the forecast amount.
Statistics Sweden reported that gross domestic product jumped 1.2% in the fourth quarter of 2018 after contracting 0.1% in the previous three months. That is compared to the consensus forecast of a 0.6% growth. It was the fastest pace of expansion since the second quarter of 2017.
USD/SEK traded at 9.2383 as of 21:34 GMT today after opening at 9.2669 and falling to the daily low of 9.1670.
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Krona Gains as Sweden’s Economic Growth Beats Expectations
