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For the second consecutive day, EUR/SEK....>

EURO-SEK
EURO-SEK: For the second consecutive day, EUR/SEK has printed up at levels not
seen since 2009. On Mar16 we wrote that as many as 150 Swedish firms pay
dividends from end-March to May during which EUR/SEK tends to rise. Of the past
five years, EUR/SEK has risen in every April and May month except two, meaning
SEK has weakened across 80% of all dividend-paying months.

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