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Feb 16
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$53.47
$53.50
+0.1%
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WATCH
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The Swedish Finance Minister and business leaders are backing an inquiry into adopting the Euro, likely commencing after the September election. Business leaders favor the Euro to eliminate currency volatility and deepen integration with their largest trade partners. A move toward adoption signals a pro-business structural shift and geopolitical "safety flight" into the EU bloc, which typically compresses risk premiums for Swedish assets. Watch for the September election results; a pro-Euro government victory would be a catalyst for Swedish equities (EWD) as currency risk diminishes. The general public remains skeptical; a referendum failure (like 2003) would reverse sentiment. |
Bloomberg Markets
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