Speculators have been occupying a little while in the Krona now its bargain potential.
The Swedish money is the most undervalued currency in the G10 on a Purchasing Power Parity (PPP) valuation basis, which implies it might offer speculators a deal.
The Krona has been -45.8% undervalued on a PPP basis on July 17, considerably more than the next weakest money the Japanese Yen, which itself was 33% undervalued.
This made it a buying opportunity based on analysts at Barclays.
Add on EUR/SEK to this several major technical indicators about the price charts like a monthly key reversal in May, and the Krona is looking increasingly like a purchase candidate.
Is the growth in Q2 the sign shareholders have been waiting for to pull the trigger?