shrinks

Better than expected Swedish GDP and retail sales figures yesterday helped the krona strengthen in yesterday’s trade against the US Dollar. The Swedish economy shrank by 0.8% in Q2, much less than the previously reported -1.5% preliminary figure and the consensus estimate of 1.3%. Surprisingly, retail sales increased in July by 1.0% m/m. Earlier, Sweden

© Reuters. Investing.com — Most Asian currencies rose slightly on Wednesday, recovering a measure of recent losses as worsening risk appetite favored the dollar, while the Chinese yuan rose in volatile trade after weak inflation data. The dollar fell slightly in Asian trade, but was sitting on strong gains so far this week as weak