Swedish corporates feel the pinch of the krona’s strength

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Among the dominant foreign exchange themes of 2013 – the weakening of the yen, the flight from emerging markets, and the resilience of the euro – the strength of the Swedish krona has remained a steady constant. But while Scandinavian currencies might have offered a safe haven for investors in recent years, the strength of the krona has been a challenge for Sweden's exporters. Over the past year, USD/SEK has traded in a range between 6.27 and 6.87, but since the US Federal Reserve