Swedish Krona Champion of Summer-Time Growth?
August 10, 2010 1:47 pm by Greg HoldenWhich currency would you claim as the strongest in Europe these past three months? Only forex traders familiar with the variety of instruments available in Europe would think to guess Sweden’s krona (SEK). It’s not that the SEK is the ...
Swedish Currency in Position for Muted Gains
July 6, 2010 1:53 pm by Greg HoldenSweden's central bank, the Riksbank, recently stated that its growth prospects remain solid, and that its economy currently stands on firm ground. We've seen long-term appreciation of the SEK against its 16-nation EUR counterpart over the past few months, with ...
Swedish Kroner Due for Reversal against USD?
May 24, 2010 5:26 pm by Greg HoldenThe US Dollar's recent resurgence has caused a stir across a number of markets, but the subsequent rumblings are not unexpected. Any time investors see a sharp movement by any currency there is an understanding that a correction is in ...
EUR/SEK Indicators Giving Off Buy Signals?
April 13, 2010 11:28 am by Greg HoldenThe announcement of a bailout for Greece has put the EUR into a strong uptrend against all of its primary currency rivals. As a result, we've seen the Scandinavian currencies also dropping against this rising strength, but in a slightly ...
Risk Aversion Leads to Kroner Losses Against USD
March 23, 2010 11:35 pm by Dan EduardThe Scandinavian Kroner has recorded steep losses against the U.S. Dollar as of late, a reflection of the overall drop in risk sentiment among investors. Despite a fair amount of confidence in the Swedish economy, the USD/SEK has risen to ...
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.
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 ...
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 ...
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 ...
