Swedish Krona Seen Rebounding From Wreckage Fueled by Stimulus
This article is for subscribers only.
Sweden’s krona, the second-worst performing currency in the developed world in the past 12 months, is poised to turn a corner.
That’s how strategists see it, and they’ve raised their mid-year forecasts in March for the first time, according to Bloomberg’s survey on the currency. SEB AB, Scandinavia’s biggest foreign-exchange trader, predicts the krona will strengthen about 3 percent to 9 per euro by the end of 2015 as the nation which suffered the worst deflation among the Group of 10 economies finally gets prices to rise.