(Bloomberg) -- The Swedish krona rose versus the euro
after a government report showed unemployment in the region's
biggest economy declined in April.
Sweden's non-seasonally adjusted jobless rate fell to 4.6
percent from 4.8 percent in March, Stockholm-based Statistics
Sweden said, confirming investors' views the central bank will
have to raise interest rates this year to slow wage inflation.
Futures prices show investors expect the bank to lift its
benchmark rate as much as three times to 4 percent by year-end.
Read more at Bloomberg Currencies News
after a government report showed unemployment in the region's
biggest economy declined in April.
Sweden's non-seasonally adjusted jobless rate fell to 4.6
percent from 4.8 percent in March, Stockholm-based Statistics
Sweden said, confirming investors' views the central bank will
have to raise interest rates this year to slow wage inflation.
Futures prices show investors expect the bank to lift its
benchmark rate as much as three times to 4 percent by year-end.
Read more at Bloomberg Currencies News
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