EUR/SEK is the abbreviation for the Euro and Sweden Krone pair. It shows how much the EUR (base currency) is worth as measured against the SEK (counter currency). For example, EUR/SEK = 10.5400 indicates that one Euro can buy 10.5400 Sweden Krones.
Although Sweden is in the
Euro-Zone and is required to adopt the Euro currency a loophole has allowed the
nation to maintain its 230 year old krona (crown). The EUR/SEK has been in a 6-week
rally since late-December lows in the 10.1200 region.
Last week, SEK saw
further downside pressure after the domestic Services PMI dropped to 54.1
during the first month of the
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