The Swedish Krona declined against the euro in the European session on Tuesday, as a data showed that the nation's consumer inflation worsened in January.

Data from Statistics Sweden showed that the CPI dropped 1.0 percent on a monthly basis from December, when prices grew by 0.4 percent.

Year-on-year, the CPI rose 1.9 percent after a 2.0 percent increase in the previous month. Economists had forecast a 2.2 percent growth.

The Swedish currency fell to a 5-1/2-month low of 10.6218 versus the euro from yesterday's closing value of 10.4656. If the Krona drops further, 11.00 is possibly seen as its next support level.

Euro vs SEK (FX:EURSEK)
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Euro vs SEK (FX:EURSEK)
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