Krona boosted by talk of euro entry
MARKET NEWS
STOCKHOLM -- The Swedish krona has been boosted by the expectation that Sweden will hold a referendum on euro entry in spring 2003, although the impact on the euro’s value has been minimal, analysts told FX Week.
Recent opinion polls in Sweden show a large swing in favour of joining the euro, and analysts surveyed by FX Week are naming 2005 as the earliest likely date for Swedish entry into the EMU.
Already priced in
"Swedish membership has already been priced into the euro," said Peter Fertig
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