Safe-haven appetite for Scandi currencies wavers
Scandinavian currencies have the right fundamentals to supersede the Swiss franc as favoured safe-haven currencies in Europe, but a lack of liquidity presents a significant stumbling block, according to foreign exchange traders and strategists.
Following the September 6 decision by the Swiss National Bank (SNB) to impose a currency floor of 1.20 for EUR/CHF, market participants witnessed an immediate shift towards the Norwegian krone and Swedish krona.
"People started to look at alternative
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