Scandinavian Kroner Advancing Amid Regional Turmoil
03/17/10 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 Krona Continues to Strengthen Versus the Dollar
03/8/10 4:00 PM by Russell GlaserLast week's better than expected U.S. Non-Farm Payrolls result continued to strengthen the Swedish krona versus the U.S. dollar. The steady downtrend for the USD/SEK that began on February 5th appears to be gaining momentum as the pair continues to ...
Swedish GDP Shows a Return to Recession in Q4
03/3/10 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
02/2/10 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 ...
Swedish Jobless Rate Firms Despite Deflation
01/19/10 12:11 PM by Russell GlaserThe jobless rate of Sweden held steady last month according to the data released on Monday. This positive news comes at a time when the Swedish economy is currently experiencing a period of deflation.
Scandinavian Kroner Set for Downward Correction vs. EUR?
01/12/10 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 ...
Swedish Krona Eyeing a Big Year in 2010
01/4/10 5:35 PM by Dan EduardThe Scandinavian Kroner by and large closed out 2009 on a high note, recording gains across the board, but most significantly against the U.S. Dollar. The Norwegian Krone appeared to be the big winner, advancing 17% against the Dollar to ...
Negative Scandinavian News Hurts Kroner
12/22/09 9:09 PM by Dan EduardThe Scandinavian Kroner took fresh losses against the U.S. Dollar in recent trading. This was largely due to a series of positive news events coming out of America, combined with negative economic indicators from countries such as Sweden and Norway.
Swedish Krona Continues to Gain on the Dollar
11/17/09 2:56 PM by Russell GlaserThe Swedish krona continues to be one the strongest performing currencies against the dollar. Since the beginning of the month, the krona has climbed over 2.5% on the greenback. Last week the outlook for the economic recovery in Sweden was ...
Scandinavian Kroner Fall from Last Week’s Highs
11/3/09 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 ...
