Nordic Banks Show Strong Results From Forex In Latest Interim Period

BANKS

Most Nordic banks are showing strong interim foreign exchange revenues for the latest period. Gains are largely due to stability ahead of the planned single currency and to "predictable" market trends, says Morten Thorsen, Scandinavian economist at Standard & Poor's MMS International in London.

Thorsen says that from January onwards, the Finnish markka was generally steady until late April. However, the markka strengthened on the back of the Finnish economy until the end of July, Thorsen adds

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: