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Is the Swedish Krona the New Swiss Franc?

Lucy Meakin writing for Bloomberg [1]:

Sweden’s krona is becoming the new Swiss franc for investors seeking higher interest rates in a growing economy that has a trade surplus and falling debt load.
It’s the best performer in a basket of developed-market peers since June, with a 3 percent advance, about twice that of the second-place Norwegian krone. The median of economist estimates compiled by Bloomberg is for Sweden’s economy to grow 1.2 percent this year even as the euro region contracts. Truckmaker Scania AB (SCVB) says the currency’s appreciation won’t stop it from boosting capacity.

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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