7:01 AM · 12 July 2024

BREAKING: Swedish CPI lower than expected💲USDSEK gains 0.5%

Swedish CPI in June came in 2.6% YoY vs 2.9% exp. and 3.7% previously (-0.1% MoM vs 0.1% exp. and 0.2% previously)

German wholesale index came in -0.6% YoY vs -0.7% previously (and -0.3% MoM vs 0.1% previously)

USDSEK strengthened after today, lower than expected Swedish CPI reading. Currently, pair erased all, yesterday declines driven by weakening US dollar and US CPI.

Source: xStation5

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