{"id":7908,"date":"2010-03-24T09:24:23","date_gmt":"2010-03-24T13:24:23","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7908"},"modified":"2010-03-24T09:24:23","modified_gmt":"2010-03-24T13:24:23","slug":"risk-aversion-leads-to-kroner-losses-against-usd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/24\/risk-aversion-leads-to-kroner-losses-against-usd\/","title":{"rendered":"Risk Aversion Leads to Kroner Losses Against USD"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong> &#8211; The Scandinavian Kroner has recorded steep losses against the U.S.  Dollar as of late, a reflection of the overall drop in risk sentiment  among investors. Despite a fair amount of confidence in the Swedish  economy, the USD\/SEK has risen to an almost three-week high. The pair  rose to 7.2380 earlier in the week before a minor downward correction  occurred. The Swedish currency has faired much better against the Euro.  The EUR\/SEK tumbled over 500 pips on Tuesday amid news that a Greek  bailout will likely be financed by the Intenational Monetary Fund (IMF)  and not other Euro-Zone currencies.<\/p>\n<p>The Norwegian Krone has also seen  dramatic losses against the USD lately. The USD\/NOK moved as high as  5.9802 in trading on Monday, before making a slight correction. The pair  has since been fluctuating, although it appears to have settled around  the 5.9400 level.<\/p>\n<p>Scandinavian currency traders will want to pay attention to several  upcoming news events likely to impact the forex marketplace. The US New  Home Sales report is forecasted to show an increase in new home sales  over the last month. If this is indeed true, the Dollar could increase  its recent gains on the Kroner. That being said, the housing market is  notoriously hard to predict. Kroner traders looking for a good time to  enter the market will want to see if the housing figure comes in below  expectations, in which case the Scandinavian currencies may see some  gains. Additionally, Kroner traders will want to keep up with the  British Annual Budget release, as well as the latest U.S. Crude Oil  Inventories figure, both of which could create market volatility.<\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex    Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and    may not be suitable for all investors. There is a possibility that  you   could sustain a loss of all of your investment and therefore you   should  not invest money that you cannot afford to lose. You should be   aware of  all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Dan Eduard &#8211; The Scandinavian Kroner has recorded steep losses against the U.S. Dollar as of late, a reflection of the overall drop in risk sentiment among investors. Despite a fair amount of confidence in the Swedish economy, the USD\/SEK has risen to an almost three-week high. The pair rose to 7.2380 earlier in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/24\/risk-aversion-leads-to-kroner-losses-against-usd\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Risk Aversion Leads to Kroner Losses Against USD&#8221;<\/span><\/a><\/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-7908","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7908","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=7908"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7908\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7908"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7908"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7908"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}