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“The krona can go a lot further,” John Taylor, the founder and chief executive officer of New York-based hedge fund FX Concepts LLC, told the news-bureau. “Sweden has the wind behind it because Bernanke is making the dollar go down and Europe keeps having these traumas.”
The krona is the best performer in a basket of developed-market peers since June, with a 3 percent advance, about twice that of the second-place Norwegian krone.
Swedish Prime Minister Fredrik Reinfeldt recently said that the krona’s value is “not a short- term phenomenon, it’s something we should get used to.”
Last Updated (Wednesday, 03 October 2012 03:14)