Forex Flash: SEK is today´s strongest G10 currency – Wells Fargo

By FXstreet.com | February 13, 2013 AAA

FXstreet.com (Barcelona) - Nick Bennenbroek of Wells Fargo notes that the Swedish krona is today's strongest G10 currency, with a again of more than 1% against the greenback.



He sees that Sweden's central bank held its repo rate at 1%, disappointing a sizeable minority of analysts who expected a rate cut. Central Bank governor Ingves also said the Bank was comfortable with the level of the exchange rate. Shifting focus to the UK, he sees that the pound is today's weakest G10 currency. He writes, "The Bank of England projected that CPI inflation would remain above 2% in its inflation report, but Governor King said the economy was still soft and that the central bank could ease further if need."



Related Forex Analysis
  1. Latest Promise of Easing from ECB Keeps Euro Rebound at Bay
    Forex News

    Latest Promise of Easing from ECB Keeps Euro Rebound at Bay

  2. Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market
    Forex News

    Weekly Trading Forecast: Volatility Keeps Boiling in the FX Market

  3. Dollar May Not Have a Quiet Thanksgiving...
    Forex News

    Dollar May Not Have a Quiet Thanksgiving...

  4. Gold Rallies on PBOC, ECB Surprise Easing -1207 Key Resistance
    Forex News

    Gold Rallies on PBOC, ECB Surprise Easing -1207 Key Resistance

  5. AUD To Look Past Local Data Yet Remains At Risk On Elevated Volatility
    Forex News

    AUD To Look Past Local Data Yet Remains At Risk On Elevated Volatility

Trading Center