Best Bank for Scandinavian Currencies: SEB
Swedish bank tops coveted category
If a year is a long time in politics, it is an eternity in finance. Last autumn, the Scandinavian currencies were still riding high on a wave of safe-haven flows stretching into its fifth year. Today they are trading at their lowest levels against the US dollar for more than a decade, excluding the Swedish krona's brief dip in 2008.
Norway is grappling with a plunge in the price of oil, its main export. In Sweden, monetary authorities have resorted to bond buying to prop up inflation. Denmark's
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