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FxWirePro: Swedish Krona plunges to 1-week trough on soft capacity utilization figures

  • The Swedish Krona declined to an over 1-week low following the release of downbeat capacity utilization data.
     
  • Sweden's industries operated at 82.8 percent of their production capacity in Q2 2020, the lowest since the fourth quarter of 2009, and compared to a downwardly revised 89.1 percent in the prior period. 
     
  • USD/SEK trades 0.9 percent higher at 8.7860, having hit a high of 8.7891 earlier, its highest since August 3.
     
  • Immediate resistance is located at 8.8068, any close above could take it near 8.8461.
     
  • On the lower side, support is seen at 8.6639, break below could take it till 8.6471.
  • Market Data
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