The Swedish krona edged higher to 7.8619 against the US dollar at 12:30 am ET Monday. This set the highest point for the Swedish currency since January 27, 2009. Thereafter, the krona reversed its direction and is currently trading at 7.9090 against the dollar with 8.22 seen as the next target level. The pair closed last week's trading at 7.9561.

For comments and feedback: contact editorial@rttnews.com