Monday, April 23, 2007

Scandinavian Currencies Choppy On Monday, Monday, April 23, 2007 11:47:16 AM

The Scandinavian currencies were choppy against the dollar and euro in late morning action on Monday. The currencies moved with little economic news from the area.

The Swedish krona was choppy against the dollar as it ranged from a high of 6.7610 and a low of 6.7851 into the late morning action on Monday. Generally, the Swedish currency is at a weekly low. In trading with the euro, the krona bounced between a high of 9.1863 and a low of 9.1977. On the whole, the Swedish currency is at a two and a half month high.

The Danish krone was mixed against the dollar on Monday as it bounced between a high of 5.4804 and a low of 5.4982. Overall, the krone is at a weekly low. Against the euro, the krone held in a tight range with a low of 7.4526 and a high of 7.4486. The Danish currency is at a three week high.

The Norwegian krone was choppy against the dollar on Monday, bouncing between a high of 5.9603 and a low of 5.9809. In general, the Norwegian krone is at a weekly low against the currency. In trading with the euro, the krone held between a high of 8.0954 and a low of 8.1118. Overall, the currency has held within a tight range over the past two weeks.
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