Krona Slumps as Swedish Industrial Output Unexpectedly Declines
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Sweden’s krona depreciated after a report showed a deepening manufacturing slump in the largest Nordic economy.
The krona fell as much as 0.9 percent against the euro and traded 0.8 percent lower at 8.8023 per euro as of 10:53 a.m. in Stockholm. It slid 0.8 percent to 6.8586 per dollar, the second-biggest decliner among 16 major currencies tracked by Bloomberg.