Tags: sean | hyman | Currency | Sweden | krona

Keep Your Eye on This Off-the-Radar Currency

By Sean Hyman   |   Monday, 15 Nov 2010 09:09 AM

Have you ever seen a stock or other financial asset soar notably higher than most others and no one seem to notice?

I’ve seen that here and there on rare occasion. However, here’s a currency that has been largely off of most trader’s radar but has been the second-best performing currency during the past year.

What currency is it? It’s Sweden’s krona (SEK).

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It’s done so well that I’ve been calling it “the better euro.” Why?

Fundamentally, it’s much sounder. For instance, the eurozone’s annual growth (GDP) is at a meager 0.4 percent right now, while Sweden’s growth is at 1.9 percent.

Sweden’s unemployment rate is 7.4 percent, while the overall eurozone’s unemployment rate is 10 percent.

Sweden is actually in interest-rate-hiking mode. The eurozone’s interest rate isn’t being raised.

So there are many fundamental factors that make Sweden a much better choice over the euro.

However, this smaller Scandinavian country is largely overlooked. It’s much smaller and so it doesn’t get hit the mainstream press as much as the overall eurozone does. Yet Sweden is the one that has the smallest deficit in all of Europe.

Therefore, don’t always feel that the best “currency jewels” will hit the mainstream media. There are many times when some of the best performers may not even pick up on the media’s radar.

You see, they just monitor the biggest economies and their currencies typically. But there are some of these currencies that could cause you to profit far more.

This is one of the reasons why we created the Money Matrix Insider newsletter. It keeps you informed of what’s really going on and it allows you to take advantage of some of the best opportunities out there.

Besides, by the time the media finally latches onto a trend, it’s usually almost over. They’re almost always late to the party. So don’t make your investment decisions based on the focus of the nightly news. If you do, you’re almost certain to be in on the very tail end of a rally or the beginning of a downtrend even.

They also can tell you that “the dollar is going down” but rarely offer any valid solutions as to what you can do about it in order for it not to plague your dollar-denominated pocketbook.

That’s where I come in. Not only will I tell you (in simple terms) what’s going on out there but I always take it a step further and tell you how you can profit from it.

So whatever you do, get armed with some of the best information out there. Then do like we’re doing in the MMI newsletter and get together your plan of attack so that your dollars don’t get diluted like the rest of America’s will.

That way, you can protect yourself and your family financially.

About the Author: Sean Hyman
Sean Hyman is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of Money Matrix Insider. Discover more by Clicking Here Now.

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Have you ever seen a stock or other financial asset soar notably higher than most others and no one seem to notice? I ve seen that here and there on rare occasion. However, here s a currency that has been largely off of most trader s radar but has been the second-best...
sean,hyman,Currency,Sweden,krona
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2010-09-15
 

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