Taking stock of 2011: the euro
[image]Carl Hammer, SEB
Traditional trading patterns during times of stress have fallen by the wayside during recent weeks, according to Carl Hammer, chief foreign exchange strategist at SEB in Stockholm.
"We have seen a lot of currency correlations breaking down and old patterns are less of a guide right now. Historically, the spine reaction to financial stress is to buy dollars, but the dollar and the euro are fundamentally weak currencies. Meanwhile, the Swedish krona and Norwegian krone
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