And continued pricey dollars are expected.
From having been traded for more than six crowns in the spring cost a dollar today around eight crowns. Just then the day before New Year’s Eve, the krona has fallen around 20 cents.
The crown is a weaker euro weighed down by developments in the euro zone. The European Central Bank, ECB, expected in January to take decisions on further economic stimulus measures, and concern spread across Greece to leave the euro after new elections.
– The crown is very linked to the euro. It is the euro weakened and the crown remains at the same levels (relative to the euro), said Carl Hammer, chief strategist for currencies at SEB.
While approaching a rate hike by the US Federal Reserve, which supports the dollar .
– There is a trend that lasted long. It is based on the US comes out weak growth, while Europe remains weak, says Carl Hammer.
In Sweden, the federal funds rate for the year decreased by 75 basis points, which also weakened the crown. The Riksbank is now in a situation likened the ECB nor does it exclude additional facilities.
– There was no one who had it on expectations when we went into last year, says Anders Eklof, currency strategist at Swedbank .
A weaker krona will be able to help Swedish exports, which in recent years has been weak, and help to give some impetus to inflation in the future, think Carl Hammer.
The dollar will be continued expensive in 2015, tracks both Swedbank and SEB.
– The probability is high that the dollar continues to strengthen, and force the crown is quite a bit going for it to quickly return to the levels that we had two years ago . It will continue to be a rather weak currency in 2015, said Carl Hammer.
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