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Swedish krona traders gain from political deal
Bloomberg said investors in Sweden’s currency are already profiting from a last-minute deal struck in the final days of 2014 to avert political upheaval.
Danske Bank said that the parliament’s ability to resolve the stalemate means krona investors now stand to see further gains in the short term.
“There has been a small a risk premium in the krona because of the political uncertainty, which could speak for a slightly stronger krona,” Stefan Mellin, an analyst at Danske Bank, told the news bureau.
Finance Minister Magdalena Andersson said in December the new administration will probably need to cut its economic growth forecast as Europe’s expansion remains weak.



