Greek Debt Crisis Causes Kroner to Gain on Euro
February 16, 2010 9:46 pm by Dan EduardFollowing a significant drop against the Euro late last week, the Scandinavian Kroner appears to have rebounded as of late. The Chinese decision to raise reserve requirements at its banks initially led to risk aversion among investors, causing a sell ...
Norway to Raise Interest Rates; Kroner Due for Upward Correction
October 27, 2009 2:26 pm by Greg HoldenIt appears Norway is preparing to be the first European country to raise its benchmark interest rates during its rate statement announcement tomorrow morning. With rising oil prices assisting with the Norwegian economic recovery, Norway was able to emerge from ...
NOK Still Bullish; Swedbank Threatened by Latvian Mortgage Program
October 13, 2009 1:06 pm by Greg HoldenOnce again the Baltic States emerged as a threat to one of Sweden's largest banks. With a program to reduce mortgage liabilities, Latvia is putting much attention on the exposure which banks like Swedbank have to the Baltic region. Swedbank ...
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 ...
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 ...
Introducing the EUR/NOK at ForexYard
June 19, 2009 12:16 pm by Yan PettersHello all, I am pleased to tell you all that inline with public demand ForexYard decided to provide its traders the ability to trade the EUR/NOK pair in addition to the wide variety of currency pairs and commodities it currently offers.
