14.03.2013 - Currencies: Chasing scraps
In a world of measly returns, investors have to chase after scraps. At the Bloomberg FX conference at the British Museum this morning, one speaker pointed out that, although the Swedish central bank has cut rates four times over the last 12 months, just the change in policy tone from easing to neutral has turned the krona into a strong currency. Indeed, the useful WCRS Bloomberg page shows that the krona has been the best performing currency over the last year; the worst (predictably) has been the yen...........................................Full Article: Source
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