Krona drops as manufacturing shrinks

Source: Bloomberg
© Scanpix/Reuters
The Swedish Krona depreciated to the lowest level versus the Euro in five months as the manufacturing activity suddenly shrank in April, creating pressure on the Sweden's central bank to cut rates. The Sweden's currency depreciated 0.44% to 8.7078 per Euro, almost five-month low, and was at 8.7001 at 10:35 a.m. Stockholm time, while the Krona slipped 0.6% versus the greenback.
Back to articles

Actual Topics

Mon, 10 Jun 2013 10:21:49 GMT

Switzerland's shares gain

Swiss shares gained, after the Swiss Market Index registered the biggest jump in a month and a half, as stocks of the health-care companies advanced. The benchmark SMI rose 0.3% to 7.808.18 as of 9:55 a.m. Zurich time; the index soared 2.1% on June 7, spurred by U.S. employment data that topped the expectations, while the Swiss Performance Index gained

Mon, 10 Jun 2013 10:12:05 GMT

Yen drops before BOJ decision; Australian Dollar and Euro also move lower

The Japan's currency fell on Monday, before the Central Bank's decision due tomorrow, while weak China's economic report pushed the Aussie lower. The U.S. currency advanced to 98.25 against the Yen and the Australian Dollar declined to 94.12 U.S. cents, while the common currency dropped under $1.32, trading at $1.3194. 

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.