Sweden’s krona declined the most in two weeks against the euro after a bigger-than-forecast jump in unemployment stoked speculation the central bank will unleash further stimulus.
The woes of Scandinavia’s biggest economy are caused in part by the krona’s strength, after it rose versus 12 of its 16 major counterparts since mid-year. The currency’s gains are “worrisome” and becoming a concern for monetary policy, Riksbank Deputy Governor Martin Floden said last week.
