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 ...
USD/SEK Rises on Negative Swedish Economic Data
June 28, 2010 6:24 pm by Russell GlaserThe Swedish trade surplus for the month of May unexpectedly dropped, fueling losses for the Swedish krona versus the dollar. Despite the negative news for Sweden, the krona was unchanged against.
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 Krona Continues to Strengthen Versus the Dollar
March 8, 2010 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
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 ...
Swedish Jobless Rate Firms Despite Deflation
January 19, 2010 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?
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 ...
Swedish Krona Eyeing a Big Year in 2010
January 4, 2010 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 ...
