• The Swedish Krona declined to a 1-week low following the release of soft employment data.
   
• Sweden's unemployment rate rose to 8.9 percent in July from 6.9 percent in the same period last year, as the coronavirus crisis hit the labor market. 
   
• The number of unemployed increased by 112 thousand from a year earlier to 502 thousand, while employment declined by 120 thousand to 5.150 million.
   
• USD/SEK trades 0.5 percent higher at 8.6302, having hit a low of 8.6101 on Tuesday, its lowest since May 2018.
   
• Immediate resistance is located at 8.7694 (21-EMA), any close above could take it near 8.7902.
   
• On the lower side, support is seen at 8.6516, break below could take it till 8.6236.