The Swedish kroner strengthened yesterday, as Sweden’s trade balance came out better than expected at -700m in comparison to last month’s figure of 1.1bn. Today is a bank holiday for the Swedish Kroner so it was a positive end to the year for the Kroner.
Owing to the festive break, there is very little data that could hint at or cause volatility throughout other currency markets. Most other movements of note have been due to sterling weakness.
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