The Krona have started to appreciate considerible against the Euro and other currencies lately. Many currency traders now belive it’s time to add the krona to their portfolios. At least as long the Euro is under pressure.
Swedish Krona – from loser to winner
Last quater, the krona was the worst performing major European currency. The link to Baltic banks and quickly increasing unemployment
rate was part of the problems. Now, it’s gone to the regions leading currency instead.
The reasons behind are a few. To start with, Sweden’s budget deficit are shrinking while most other countries deficit are growing. (more…)