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The admission of international students in Sweden

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FX:EURSEK   Euro / Swedish Krona
The pair will reverse back towards a strong support line after it failed to break out from an uptrend resistance line. The admission of international students in Sweden was up by 13.0% despite the ongoing coronavirus pandemic. The 2018-2019 batch has contributed around $122 million in the Swedish economy. The government said the increase in the number of admitted international students for 2020-2021 could further increase this figure. This, in turn, will help the Swedish economy to recover faster from the pandemic. Meanwhile, recent figures from Germany showed continuous concerns by investors over the near-term recovery of the EU’s largest economy. Unemployment was still high and employment change for September was negative 8K. Also, retail sales YoY confirmed a downtrend pattern in the report. This suggests that Germany is yet to fully recover from the economic effect of the coronavirus pandemic.

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