PIPS

PIPS

A report by Reuters into the impact of the euro on the Scandinavian financial markets shows that most local participants have a positive attitude towards the new currency. Norway was found to be the most optimistic, especially in terms of FX trading. Because Norway is not a member of the European Union, and will remain outside of EMU, traders expect the krone to attain an exotic currency status, attracting speculative investment which could also benefit the bond market. The study, which tes