Swedish Crown rises versus Euro on inflation data

Source: Reuters
The Swedish Crown increased on Tuesday rising against the euro-area currency after a report showed that inflation in the country accelerated by more than economists originally expected and on speculation that the ECB may add more stimulus soon. The Euro slipped 0.5% to 8.9935 Swedish crowns before trading at 9.0420.

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Tue, 13 May 2014 15:13:02 GMT

U.S. retail sales rise less than forecast in April

Retail sales in the world's largest economy advanced in April, however the pace of growth was lower than expected after recording a sharp gain in March, the latest report released by the Commerce Department showed on Tuesday. According to the report, the U.S. retail sales surged 0.1% in April after posting a 1.5% jump in the previous month.

Tue, 13 May 2014 14:51:04 GMT

Euro drops as Bundesbank supports ECB's easing

The 18-nation bloc currency dropped on Tuesday trading session falling towards the weakest level in a month versus the U.S. Dollar after a government report showed signaled that Bundesbank would back the ECB's monetary easing in order to support the economy. The Euro decreased as much as 0.4% to $1.3700, the least since April 7.

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