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Hedge Funds May Be Challenging Riksbank on Krona, SEB Says

2016-01-05 14:49:46| Appliances - Topix.net

Hedge funds may be gearing up to place bets against the Swedish central bank's efforts to halt gains in the krona, according to SEB AB. It must be "a concern" that the krona has only weakened to about 9.21 per euro from about 9.15 last week after the bank said it was prepared to intervene directly in the currency market, said Johan Javeus, chief strategist at SEB, in a note.

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