Real money seen buying SEK

Not sure if this is a sign of anything more than a one-off flow, but traders say a large custodial bank is a high profile buyer of Swedish Krona today. Sweden has been in the spotlight in recent days given large exposures to Latvia by Swedish banks. Perhaps the SEK is a vote of confidence that the Latvian crisis is seen as over by the market. :atvia votes on its budget on Tuesday, a precursor to receiving more IMF/EU aid. What’s good for the SEK is good for the EUR at this stage, for what its worth…

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