No hesitation whether New York or Paris next Christmas? Should you get the most out of your crowns it looks like you should plan for Joyeux Noël! instead of Merry Christmas!
A major global shift underway for some time in the foreign exchange market, in the wake of the collapse of crude oil prices and monetary tightening by the US Federal Reserve.
The dollar has dressed the most so far in turmoil and are expected to continue rising in 2015 against both the euro and the Swedish krona, according to a recent report by SEB’s chief strategist Carl Hammer.
The next blow to the euro is expected on Thursday, when the ECB puts his foot down on its pending purchase program for government securities. There is increasing pressure on the Riksbank to follow suit with similar measures.
For next year, Hammer of the euro may well be at parity with the US dollar, which has not happened since 2002. To achieve this, required a price drop for the euro at 14 percent.
The crown think he soon starts to return to the euro, from the current rate of 9:44 per euro at around 9 per euro in the fourth quarter of 2015. But first it is pressed down to 9: 50-9: 70 kronor per euro, from the present rate of just over 9:40 per euro.
The krona recovery derives strength from the Swedish growth looks stronger than the euro zone and the ECB Union action is assumed to be much more extensive than the Riksbank will find on.
SEB economists believe that the Riksbank is content to cut the repo rate to -0.10 percent and then only flag that there may be current with a Swedish program of support purchases.
The dollar is expected to become more expensive for Swedes during the year, with an estimated boost from 8:16 today at around 8:60 in the fourth quarter – the strongest dollar rate in kronor ago March 2009.
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