Swedish Crown rebounds against euro

After the Swedish ‘no’ to the euro on 14 September , the rate of the Crown continues to rise, ahead of predictions by the Swedish government.

On Wednesday one euro would buy 8.91 kronor and one dollar 7.78 kronor. The government's prognosis said 9.10 kronor for a euro and 8.43 kronor for a dollar before the end of the year.

This means that that the Swedish foreign debt has been reduced by 11bn kronor (1.2bn euro) and that the interest burden will be reduced, enabling the Swedish ...