Deutsche Bank AG, the world’s biggest currency trader, and HSBC Holdings Plc, Europe’s largest bank by assets, are both predicting Sweden’s krona has further to rise.
Policy makers in Sweden and Norway are struggling to pound down their currencies through verbal beatings as a search for yield replaces haven demand.
It’s getting tougher for currency traders to catch a break.
The foreign-exchange market is signaling more pain ahead for currencies that benefit from a sustained global recovery, five years after the onset of the worst financial crisis since the Great Depression.
"When faced with rather limited policy options to spur inflation, it's imperative that the exchange rate does not make life even more complicated."
- Daragh Maher on Oct 27, 2014