11. Meanwhile, expectations of a strengthening of the dollar and the Swedish krona against the mark could help to weaken the effective krone rate. 12. The continued weakness of the Swedish krona will only help exports. 13. The dollar appreciated ten percent against the Swedish krona in the first quarter, making sales in Sweden worth fewer dollars. 14. The Italian lira and the Swedish krona were the biggest beneficiaries in Europe of mark weakness. 15. The mark fell to five-month lows against the Italian lira and Swedish krona and near a seven-month low against the Spanish peseta. 16. The mark reached new highs Wednesday against the Spanish peseta, the Portuguese escudo, the French franc, the Irish pound and the Swedish krona. 17. The mark was also buoyed for much of European trading against the Swedish krona and the Italian lira amid speculation inflation in these countries was poised to accelerate. 18. The latter means the price of imported goods rise, measured in Swedish kronor. 19. The revival of such German rate cut talk helped to boost other European currencies, particularly the so-called high yielders such as the lira and the Swedish krona. 20. The Spanish peseta and Swedish krona also gained against the mark. |