NOK Vulnerable to European Debt Concerns
November 16, 2010 10:29 am by Greg HoldenThe pressure being placed on Ireland to accept a bailout of its financial institutions has been weighing on risk appetite throughout the region. Traders appear weary of taking on too much risk, which has pulled funds away from the higher ...
USD/SEK at 2-Yr Low after Fiery Speech from Riksbank
October 20, 2010 6:57 am by Greg HoldenThe Swedish krona has undergone one of its strongest rallies in recent memory these past few days after the Riksbank Deputy Governor Barbro Wickman-Parak delivered a hawkish statement last Thursday. The SEK climbed to a 2-year high against the US ...
Norway Holds Interest Rates Steady; NOK Sees Muted Gains
August 17, 2010 12:22 pm by Greg HoldenNorway’s central bank decided to leave interest rates unchanged last week, a decision which was broadly anticipated. Comments from Norges Bank Governor Svein Gjedrem seem to suggest that Norway’s economic growth and inflationary figures are on track with what they ...
Nordic Currencies May See Upward Move versus EUR
June 9, 2010 2:40 pm by Natalie R.With the pressure on the common currency refuses to abate it seems that the Nordic currencies are a good alternative investment and may soon see an upward correction versus the EUR. The Nordic economies seem to be on the path ...
Scandinavian Kroner Advancing Amid Regional Turmoil
March 17, 2010 12:33 pm by Greg HoldenThe Scandinavian currencies all seem to be gaining ground on their European and American counterparts. The Swedish Krona may be the exception, however. Although the SEK has made substantial gains versus the US Dollar, it has continued to struggle against ...
Swedish GDP Shows a Return to Recession in Q4
March 3, 2010 11:15 am by Greg HoldenFollowing the release of Sweden's recessionary data, the Swedish Krona (SEK) took a sharp dive against its primary counterparts. The data revealed that Sweden actually slipped back into recession during the fourth quarter of 2009.
Scandinavian Kroner Set for Downward Correction vs. EUR?
January 12, 2010 10:53 am by Greg HoldenThe Norwegian Krone has continued its bull run against the Euro. Hitting fresh multi-week highs against the 16-nation currency, the NOK currently trades near 8.1550 versus the EUR. While the US Dollar made hefty gains versus the NOK in recent ...
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 ...
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 ...
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 ...
