Rising Oil Prices Help NOK against Main Rivals
April 6, 2011 7:45 am by Dan EduardThe Norwegian krone had a very profitable week, as rising oil prices helped support the Scandinavian currency against its main currency rivals. Continued rumors of a Norwegian interest rate hike also helped support the currency. Against the US ...
Euro Sees Bullish Week against SEK and NOK
March 29, 2011 12:54 pm by Dan EduardThe last week saw the euro make fairly significant gains against the SEK, while it slowed down its recent bullish trend against the NOK. This was largely due to the likelihood that the euro-zone will raise interest rates next ...
Shifting Fundamentals Boast Well For Krona
January 25, 2011 12:30 pm by Russell GlaserIncreased rates of growth and rising interest rates are all positive factors for continued gains in the Scandinavian currencies, particularly the SEK and the NOK.
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 ...
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.
Swedish Consumer Confidence Rises, SEK Pares Losses
February 2, 2010 10:32 am by Greg HoldenThe Swedish Krona (SEK) stabilized against its US counterpart during Thursday's early trading after a few government reports disclosed information that the nation's retail sales in December, as well as consumer confidence in January, increased at a faster pace than ...
Concerns over Strong Exchange Rate may Support USD vs. NOK
November 24, 2009 3:04 pm by Anton EljwizatIt looks as if the USD may be getting some support against the Norwegian Krone as the Norwegian government plans to begin withdrawing its stimulus. According to the Finance Minister, Sigbjoern Johnsen, “Norway must remove government stimulus or risk faster ...
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 ...
Scandinavian Currency Analysis 6.02.09
June 2, 2009 12:13 pm by AylonThe Swedish Krona rose against the EUR and Dollar these past few days after positive statements by the Swedish Finance minister regarding Sweden’s ability to handle any economic difficulties in the Baltic region. Swedish banks have about $75 billion in ...
