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Investors flock to park money in Norway and Sweden

17.08.12 @ 09:38

  1. By EUOBSERVER

Norway and Sweden rival Switzerland in the minds of investors as a safe place to park money, reports Wall Street Journal. The Swedish krona is 9% stronger than in mid-May, while the Norwegian krone gained almost 4%. The Scandinavians may turn to interest-rate cuts as their currencies' strength hits exports.

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