Citigroup traders cheekily suggest that Tiger Woods' divorce settlement was the trigger behind a run-up in the Swedish krona.

• Elin divorces Tiger Woods after sex scandal
• Sweden dramatically hikes growth forecast

Tiger Woods and Swedish model wife Elin Nordegren have officially divorced, their marriage "irretrievably broken" by a blistering sex scandal that has left the world number one golfer's life in disarray.

Now traders at Citigroup cheekily suggests that the divorce settlement was the trigger behind a run-up in the Swedish currency.

The krona edged up Monday just as the divorce was finalized, the Wall Street Journal wrote. On Tuesday it sank back, with no fundamental reason for doing so.

The traders joked that the dollar has “bounced out of the rough” against the krona.

“It does make sense”, the WSJ wrote. “The size of the divorce settlement is unknown, but it’s likely to be on the chunky side. Markets are generally quiet, and it doesn’t take much to move them around. A few million dollars’ worth of krona buying by Woods would certainly do it”.

Although the market currently is gripped by fear over the global economy the Tiger Woods explanation behind the run-up “may be rubbish”, the newspaper wrote, adding that “we could all do with a laugh”.

Elin Nordegren's lawyer, contacted by AFP, would provide no information about the terms of her divorce settlement, valued in media reports at anywhere between 100 million and 500 million dollars.

Long seen as an ambassador for a new generation of golfers, Woods's previous clean-cut image had earned him record sponsorship deals and a place in the select pantheon of globally-known sports stars.

According to Forbes business magazine, he was the first athlete to have broken through the billion dollars earnings mark.

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