{"id":23045,"date":"2011-08-10T03:43:11","date_gmt":"2011-08-10T07:43:11","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=15262"},"modified":"2011-08-10T03:43:11","modified_gmt":"2011-08-10T07:43:11","slug":"buying-swedish-kroner-cautious-optimism-as-stocks-weigh-on-value","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/10\/buying-swedish-kroner-cautious-optimism-as-stocks-weigh-on-value\/","title":{"rendered":"Buying Swedish Kroner: Cautious Optimism as Stocks Weigh on Value"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/8.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>Investors watching the value of the Swedish krona (SEK) this week were hardly surprised at the stalled behavior seen these past few days. The SEK is, after all, linked with the performance of the global stock market. With Monday\u2019s crash, the krona was held down, weighted by a wait-and-see approach by investors.<\/p>\n<p><span id=\"more-15262\"><\/span>The SEK\u2019s performance against the euro (EUR) these past few months has been most interesting. The <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/07\/19\/swedish-central-bank-signals-readiness-to-tighten-interest-rates\/\">EUR\/SEK<\/a> moved to a November 2010 low of 9.2968 in recent trading, with traders fleeing the euro zone from rampant debt concerns. Against the US dollar, the SEK has been somewhat mixed given the safe haven status of the buck.<\/p>\n<p>Though Sweden has experienced solid fundamental data over the past few months, and even monetary tightening by the Riksbank, the poor performance of global stocks has taken precedence over other data. Traders are cautiously optimistic that Sweden\u2019s economy and currency will return to high growth so long as a market panic does not set in.<\/p>\n<p>Read more forex trading news on our forex blog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p> Investors watching the value of the Swedish krona (SEK) this week were hardly surprised at the stalled behavior seen these past few days. The SEK is, after all, linked with the performance of the global stock market. With Monday\u2019s crash, the krona w&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23045","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23045"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23045\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}