Stockie weakness despite economic strength
CURRENCY FOCUS – SWEDISH KRONA
The krona started the year at 9.00 to the euro and has fallen to around 9.20. Robert Bergqvist, head of trading strategy at SEB in Stockholm, said: "Sweden has low inflation and unemployment, and a strong balance of payments surplus, so on one level it's surprising the currency has lost value."
The depreciation has caught many in the market off-guard, added Bergqvist. "Market-makers and commentators were arguing at the end of last year that the krona should continue to strengthen against the
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