Although Sweden is in the Euro-Zone and is required to adopt the Euro currency due to a 1995 accession treaty, a formal loophole has allowed the nation to maintain its 230 year old krona (crown). The EUR appreciated strongly during the financial crisis, but the Swedish krona has benefited from the current Euro-Zone crisis as market participants are wary of the single bloc currency's future. The pair will continue to remain somewhat volatile as the Euro-Zone faces a myriad of issues.
by David Cottle
Asian markets put in a scrappy showing on Monday, with modest gains seen just about everywhere except Shanghai and Hong Kong
by Oliver Morrison