Breaking News

German November IFO Confidence at 104.7; Median Forecast 103.0

Sweden Krona Strengthens as Unemployment Holds, Prices Steady

Sweden’s krona strengthened against both the dollar and euro after unemployment was unchanged in January, easing pressure on the central bank to cut interest rates.

The krona strengthened 0.2 percent against the euro to 8.4524 and appreciated 0.2 percent versus the dollar to 6.3309 as of 9:56 a.m. in Stockholm.

Seasonally-adjusted unemployment held at 8 percent in January compared with an estimate 8.2 percent in a Bloomberg survey of 8 economists, Statistics Sweden said. Annual headline consumer prices were unchanged in the month, after declining 0.1 percent the prior month, in line with a survey of 11 economists.

To contact the reporter on this story: Stephen Treloar in Oslo at

To contact the editor responsible for this story: Christian Wienberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.