Krona and krone won’t be safe-haven kings | City A.M.

ALONG with Apple’s shares plummeting 50 per cent in value, Australia’s looming recession and wheat doubling in price, in its self-styled outrageous...

Kasper Elbjørn,

21/12/2011

ALONG with Apple’s shares plummeting 50 per cent in value, Australia’s looming recession and wheat doubling in price, in its self-styled outrageous predictions for 2012, Saxo Bank speculates that Sweden and Norway could replace Switzerland as the safe haven currencies of choice. But could Sweden’s krona or Norway’s krone really become the security blankets for the world’s forex traders? With the Swiss National Bank’s seemingly unremitting determination to keep its currency from rising, it is a prediction worthy of consideration.