The above chart, by way of Bloomberg, Morgan Stanley, and businessinsider.com, shows which currencies have appreciated the most against the USD. With the Swedish Krona up over 20% against the USD, you would think that Sweden would have intervened in the currency markets to slow the SEK's appreciation, not. Notice how the Japanese Yen is in the middle of the pack - perhaps the intervention in September and the repeated threat of it is working. Also, notice how the CAD is under performing, probably due to the intercontectivity between the economies of Canada and the U.S.
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