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Kroner
’Cash and carry
It was a lesson writ large by the financial crisis; dabble in carry trades denominated in dinky currencies at your own peril.
The tale of the Icelandic krona serves as a particularly brutal parable of carry traded excess.
Icelandic collapse complete
McDonald’s is fleeing the country — citing the weakness of the krona.
Oct. 26 (Bloomberg) — Iceland’s McDonald’s Corp. restaurants will be closed at the end of the month after the collapse of the krona eroded profits at the fast-food chain,
Swedish Riksbank borrows from the ECB
A run of the mill central-bank currency swap or tell-tale sign of something more ominous? The jury is still out here at FT HQ –thoughts welcome.
From the Riksbank:
The Executive Board of the Riksbank has decided to borrow EUR 3 billion from the European Central Bank,