“The minutes were perhaps a little less dovish than some had expected but to my mind it isn’t a Sweden story,” Christian Lawrence, a currency strategist at Rabobank International, told the newswire. The krona is benefiting from “diversification and recycling out of the euro. Although Sweden is a small open economy that exports a lot to the euro zone and is by no means immune to the crisis, it is in good fiscal shape.”
Sweden’s currency appreciated 0.6 percent to 8.4488 per euro at 3:18 p.m. London time after rising to 8.4412, the strongest since Oct. 24, 2000.
Last Updated (Monday, 23 July 2012 09:01)