Market Overview

Swedish Krona: Could It Be the New Safe-Haven Currency?


The Swedish krona continues to do well.

The krona is currently trading at 0.1622 USD, which is up from 0.1572 USD on May 23. However, the krona has not faired so well against the euro. The krona traded at 0.1109 EUR, which is down from 0.1126 last week.

Rising interest rates in Sweden have helped to increase demand for the currency and helped it to appreciate. The currency reached a best performers of fiscal year 2010-2011. Good feeling surrounding the krona are making it a stand out as a

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