Swedish Krona (SEK) collapse
The Swedish Krona (SEK) had a hard day. New statistics about the GDP showed scary results. Swedens economy are predicted to decline 2.4 % during 2009, from the earlier 1.4 % estimate. At the same time, the interest rate have been cut to 1 %. Not happy time for currency traders trying to profit on a stronger krona. Only this Tuesday, the currency lost between 2-3 % to most of the majors. Below you can find the latest forex spot exchange rates:
- USD/SEK 8,83
- EUR/SEK 11,13
- GBP/SEK 12.59
- DKK/SEK 1.49
