Norway, Sweden and New Zealand, new foci of interest
February 28th, 2010
The Norwegian krone, Swedish krona and the New Zealand dollar turned in recent times very attractive currency for investors.
These coins are undergoing a period that has made them rise up to 10% against the dollar since June 2009.
Major European currency specialists are conducting their recommendations to these currencies. For example, Deutsche Bank, the largest global trader of currencies, has placed the Swedish and Norwegian krona and the New Zealand kiwi its main investment recommendations. Goldman Sachs, meanwhile, this month raised the price outlook for the three currencies. And BNP Paribas, also believes the scenario is favorable to these currencies.
The reason for these increases and prospects in the currencies of Norway, Sweden and
These coins are undergoing a period that has made them rise up to 10% against the dollar since June 2009.
Major European currency specialists are conducting their recommendations to these currencies. For example, Deutsche Bank, the largest global trader of currencies, has placed the Swedish and Norwegian krona and the New Zealand kiwi its main investment recommendations. Goldman Sachs, meanwhile, this month raised the price outlook for the three currencies. And BNP Paribas, also believes the scenario is favorable to these currencies.
The reason for these increases and prospects in the currencies of Norway, Sweden and
New Zealand, is in the investors bet that these countries will begin to raise interest rates in the short term.
Investors are gradually turning their attention to those countries before deciding to prevent future inflation.
Economists believe that will be Norway, Sweden and New Zealand the following countries to shift their monetary policy and increase the price of money long before they can do the U.S. Fed or the ECB.
The debate on what will be the next bank to raise interest rates is very much alive, as the market returns to focus on the behavior of the classic elements that affect the foreign exchange market, as interest rates.
Tags: interest rates, of money, The foreign exchange market, the market