DKK’s Correction versus USD Likely to Continue
December 1, 2010 11:02 am by Natalie R.Following a strong bearish streak versus the USD over the past week, the DKK has begun a modest correction versus the greenback and it looks like the trend is likely to continue further.
Scandinavian Kroner Fall from Last Week’s Highs
November 3, 2009 12:45 pm by Greg HoldenIt seems last week's rise in Norwegian interest rates had the expected effect of raising the value of the NOK in the short run. However, cautionary statements about decreased growth resulting from a strong Kroner helped push the currency back ...
Denmark Under Pressure to Swap DKK for EUR
October 6, 2009 10:23 am by Greg HoldenLast week's surprising employment data from the United States had 2 Scandinavian currencies moderately depreciating versus the greenback and euro until the start of this week. The Swedish and Danish Krona both hit a near-1-month low against the Dollar last ...
Sweden and Norway Offer Fast-Recovery as a Main Attraction
September 30, 2009 4:35 pm by Greg HoldenRecent studies have shown that the Swedish and Norwegian Kroner are 2 of the currencies which have gained the most ground on the US Dollar since the end of June. Talks at the G20 Summit have speculated an anticipated rate ...
SEK Weakens, but Bullishness on the Horizon
September 1, 2009 12:53 pm by Greg HoldenIt appears as if the Swedish Krona has been on a downtrend against the US Dollar since August 24th, raising questions about the recent claims of recovery in Sweden. An observer might note that the trend of the USD/SEK is ...
Scandinavian Currencies Begin Descent on Unsteady Equities
August 25, 2009 10:46 am by Greg HoldenThe steady rise of the Scandinavian currencies over the past 2 weeks has experienced its first threat. Incremental decreases to risk appetite over the last week have had the effect of pushing world stocks up and down sporadically. This volatility ...
Kroners Paring Losses after Downturn
August 11, 2009 12:19 pm by Greg HoldenFollowing last week's surge in USD purchases, the Scandinavian currencies appear to be on the rebound from their latest downturn. Being labeled as two of the most underperforming currencies against the Dollar's spike, the SEK and NOK both appeared shaken ...
Krone Rally Highlights Growth in Scandinavia
July 28, 2009 10:28 am by Greg HoldenThe Scandinavian currencies have experienced a strong bullish rally over the past week due to the sudden drop in the demand for the USD safe-haven. Last week's housing data in the United States has convinced many investors that the worst ...
Sweden Experiencing Optimism; Energy Prices Assisting NOK
July 21, 2009 9:49 am by Greg HoldenThe Swedish Krona's recent rebound, some might say, could be attributed to the sudden downturn in the world's primary safe-haven, the US Dollar. On the other hand, Swedish investors appear to be posting improved results for their investments and exports ...
Scandinavian Countries Positioned for Currency Rebound
July 14, 2009 1:58 pm by Greg HoldenNews in Sweden has recently added the possibility of a rise in consumer confidence as the Riksbank has extended its 50 billion SEK bailout program by an additional 6 months in order to ease lending throughout the country. The program ...
