12th Mar 2015 09:11
BRUSSELS (Alliance News) - The Swedish krona strengthened against the euro in the early European session on Thursday.
In economic news, data from Statistics Sweden showed that Sweden's unemployment rate remained stable in February, defying expectations for a decrease. The unadjusted jobless rate was unchanged at 8.4% in February. Economists had expected a rate of 8.3%.
In the same month of the previous year, the rate was at 8.5%.
Against the euro, the krona rose to a 9-month high of 9.0533 from an early low of 9.1207. At yesterday's close, the krona was trading at 9.0895 against the euro.
If the krona extends its uptrend, it is likely to find resistance around the 9.01 area.
Copyright RTT News/dpa-AFX