Excerpt from: GFT Analysts in the News
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| September 18, 2006 | | Swings likely on the spot forex market in the coming weeks | Due to a new government in Sweden, the Swedish krona is likely to see dramtic swings in spot forex trading over the next few weeks. Already, the krona is showing volatility in spot FX market. Forbes reports on the likelihood of further Swedish krona spot currency swings:
Colin Clarkson at Thomson IFR Markets put the Swedish currency's early gains down to a 'post election euphoria'.
He expects several swings on the exchanges to
occur as Reinfeldt's new cabinet members start to make comments on the
tasks in hand and the challenges they face.
| Topic Tags: forex trading, FX market, spot currency, spot forex, spot forex trading, spot FX, spot FX market, spread betting, Swedish krona | |
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