Swedish Krona Down on U.S. Optimism

Posted on Tuesday, December 15th, 2009 and is filed under Forex School. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

TheSwedish krona has been losing terrain versus thedollar astheU.S. economy signals ofrecovery has been leaving space forspeculations regarding interest rate hikes, declining attractiveness fortheSwedish currency.
Thekrona has been suffering from another blow this time coming from North America astheappeal forless tradeable currencies declined, affecting theSwedish currency which already faced problems this semester asNordic loans intheBaltic states affected negatively
assets infinancial markets.
USD/SEK closed today at7.2005 from anopening rate of7.1046.
If you want tocomment ontheSwedish krona’s recent action orhave any questions regarding this currency, please, feel free toreply below.
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