Scandinavian Currencies Suffer Together After Brexit Vote: ChartBy
Norway’s krone and Sweden’s krona are moving in tandem as concern over the U.K.’s decision to leave the European Union trumps economic fundamentals. Looking ahead, SEB analyst Erica Blomgren expects rising oil prices to help the krone "appreciate to more normal levels against the euro." The krona is likely to suffer from Brexit-induced lower growth rates and further stimulus from Sweden’s central bank seeking to meet its elusive inflation target.
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