Krona's appreciation is not a threat to Sweden's economy

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
According to IMF, the Swedish Krona's strength is not a threat to Sweden's economy and its strengthening shows the country's economic success. The Krona rose 9.7% in the year of 2012 and this appreciation was the biggest among 10 most-traded currencies. The Swedish economy grew 0.6% in the first three months of this year, beating expectations.
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Mon, 03 Jun 2013 16:08:04 GMT

Eurozone manufacturing contracts less than expected

The measure of manufacturing activity in the Eurozone increased from 46.7 to 48.3 in May and beat the expectations of 47.8. The gauge below 50 indicates contraction and it has not been above that level since July 2011. Better than expected manufacturing data lead to 0.3% appreciation of the Euro against the U.S. Dollar as of 10:11 a.m. Brussels's time.

Mon, 03 Jun 2013 16:07:23 GMT

Oil prices decrease after disappointing China data

U.S. crude-oil prices declined on Monday as the report about China's manufacturing data didn't meet the expectations. Crude oil for July delivery dropped 0.2% reaching $91.81 a barrel on pressure coming from the appreciating U.S. Dollar. The ICE Dollar index strengthened to 82.237 from 82.297 on last week's Friday, the index gained approximately 2% in May.

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