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Krona at 2-year high on economy growth hopes.

Europe Intelligence Wire

| September 24, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From FT Investor (Stories))

Sweden's krona rose to its highest in more than two years on Wednesday as investors continued to believe the strength of the Swedish economy would support the currency.

A series of upbeat comments over the past few days by members of Sweden's central bank have helped the krona, which on Wednesday pushed the euro down to SKr8.917, its lowest since January 2001.

The krona was recently weakened by a resounding "no" vote in a referendum on entry into the euro. Uncertainty ahead of the poll sharply raised volatility and fears a "no" would weigh on the currency kept many investors on the sidelines. Were Sweden to enter the …

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