• The Swedish Krona advanced to a 1-week high as the dollar index declined against a basket of currencies.
   
• The dollar slumped after Fed Chair Jerome Powell said the U.S. central bank would seek to keep inflation at 2 percent, on average. 
   
• USD/SEK trades 0.8 percent lower at 8.6492, having hit a low of 8.6191 earlier, its lowest since August 19.
   
• Immediate resistance is located at 8.7570 (21-EMA), any close above could take it near 8.7768. 
   
• On the lower side, support is seen at 8.6101, break below could take it till 8.5972.