When combined with its lack of exposure to commodity prices, this renders the krona well positioned for a "cautious recovery in sentiment towards G-10 currencies in coming months" and makes it the most attractive in this group of 10 major economies, according to ING's models.
As of Friday morning, the krona was trading at around 9.78 to the dollar. Since the start of the year the greenback is higher by 4.6% against the Swedish currency, but the dollar has fallen more than 2.6% against the krona this week.The Australian dollar was ranked second by ING when compared to the other G-10 currencies.
"Australia's biggest export, iron ore, is proving particularly resilient thanks to relatively stable demand from China and lingering supply shortage from Brazil," Turner outlined in the note, adding that the country's success so far in flattening its coronavirus contagion curve may further bolster its recovery prospects.
Source: Financial Digest (financialdigest.net)
Is this some kind of a sick joke? I ain’t feeling it 😕
Trying to decide if this is a joke or more Chinese propaganda....
Incredible the nonsense financial community arrives at! Sweden has a population of 10 mil and a GDP the size of a small German province! Stop fucking trading and use the money to set up a real business producing real goods! economics
Is this a joke
Shorting the dollar never works. Dollar is king!
Because Sweden 's economy is very strong right now, apparently? 🤔🤔
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