• The Swedish Krona declined, hovering away from a 3-1/2 week peak hit last week, ahead of the release of March inflation figures.
   
• Markets expect a -0.4 percent decline in inflation month on month in March, down from a 0.5 percent increase in February.
   
• The drop in inflation isn’t expected to be associated with low consumption as there is no lockdown in Sweden but due to falling oil prices. 
   
• EUR/SEK trades 0.1 percent up at 10.9117, having hit a low of 10.8452 on Friday, its lowest since March 17.
   
• Immediate resistance is located at 10.9292, any close above could take it near 10.9599.
   
• On the lower side, support is seen at 10.8607, break below could take it till 10.8452.