Wednesday, January 21, 2015

The crown is expected to make u-turn – Swedish newspaper Svenska Dagbladet

The crown is expected to make u-turn – Swedish newspaper Svenska Dagbladet

Fixed versus the dollar has neither the Crown or the euro no chance in the turbulent market, shaken by the collapse of the price of crude oil, the Swiss central bank’s decision to scrap its cap on the Swiss franc and monetary tightening by the US Federal Reserve (Fed).

Next currency bang come on Thursday, when the European Central Bank (ECB) puts his foot down on the issue of the awaited support purchase program for government bonds from euro countries.

For the Crown Some expect SEB’s strategists to it soon turns upward against the euro, from the current rate of 9:44 per euro at around 9 per euro in the fourth quarter of 2015. But first krona is expected to drop to 9: 50-9: 70 SEK per euro in the first quarter, from the present rate of just over 9:40 per euro.

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