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 ...
Risk Aversion Pushed Scandinavian Currencies Down, but will it Last?
July 7, 2009 8:55 am by Greg HoldenFollowing Thursday's surprise announcement to cut Swedish interest rates to 0.25%, the SEK dropped moderately against the USD and EUR. The USD/SEK pair rose from 7.5440 to as high as 7.8733. Helping to push the value of the SEK lower ...
Risk Aversion and Commodities Put Downward Pressure on Kroners
June 30, 2009 12:53 pm by Greg HoldenIn Scandinavian news this week we have a few factors to consider. First is the purchase of 4 billion Thai Baht by Sweden which has helped boost Sweden's market share and ability to conduct more long-term business in the South-Asian ...
NOK under Weight of Declining Oil Prices
June 23, 2009 9:55 am by Greg HoldenNorway appears to be an active market player for the forex world lately. With a recent discovery of a sizeable oil well in the northern Norwegian Sea, the price of the black gold remains a serious factor for the NOK. ...
Interest Rates and Bank Concerns Weigh on Scandinavian Currencies
June 16, 2009 11:46 am by Greg HoldenThe recent meltdown in the Baltic States has continued to spread concern to the Scandinavian economies, especially as the central bank of Sweden is set to meet during the first week of July regarding short-term interest rates, and Norway will ...
SEK Affected by Baltic Fears
June 9, 2009 1:13 pm by Greg HoldenSweden's recent troubles appear to stem from their exposure to the Baltic States' recent systemic weakness. With over 500 billion SEK ($63.4 billion) invested throughout these countries, Sweden's stake in the economic health of the Baltic States ties in with ...
Scandinavian Currency Analysis
May 26, 2009 10:47 am by Greg HoldenPrimary news affecting the Scandinavian currencies these past weeks has been the movement of the major world currencies. This is nothing new for those traders who invest in the Swedish Krona, or the Danish and Norwegian Krone.
