The string of favorable news from Sweden continued Friday.  July industrial production was expected to rise a healthy 0.7% in July and instead jump 2.9% and the June data was revised to show a 1.3% rise instead of 1.1%.  The year-over-year rate stands at 14.4% up from 12.4%.  The forward looking industrial orders were also robust.  The 5.6% rise more than offsets the downwardly revised 2.7% decline in June.   The krona was bid to fresh two year highs against the euro.   Over the past three months, the krona has been one of the few currencies that have more than kept pace with the Japanese yen.  Though it has lagged more recently, it does look poised to pick up, as it has broken through monthly long term support against the Euro.