Must Read Rumors

Kate Middleton carries out new sailing engagement in Portsmouth

Catherine, Duchess of Cambridge, is definitely a keen royal sailor!

Kate Middleton praised by Queen’s photographer for ‘wonderful pictures, beautifully shot’ of her children

In the past couple of years the Duchess of Cambridge, née Kate Middleton, has delighted royal fans with several amazing pictures of her children, Princess Charlotte and Prince George.

Kate Middleton boxes at the launch of Heads Together mental health campaign

The Duchess of Cambridge, née Kate Middleton, showed off her boxing skills during a recent mental health campaign.

Kate Middleton’s new sailing engagement announced by the Palace

Catherine, Duchess of Cambridge, is set to visit the 1851 Trust this month.

Jenna Bush tries to set up Prince Harry with her twin sister Barbara

In a recent interview with the royal Jenna Bush Hager attempted to play matchmaker for Prince Harry and her sister Barbara.

Kate Middleton carries out new sailing engagement in Portsmouth
Kate Middleton praised by Queen’s photographer for ‘wonderful pictures, beautifully shot’ of her children
Kate Middleton boxes at the launch of Heads Together mental health campaign
Kate Middleton’s new sailing engagement announced by the Palace
Jenna Bush tries to set up Prince Harry with her twin sister Barbara

Tiger Woods divorce could cause a Swedish currency growth

by Dan
August 24, 2010 at 8:17 pm

The divorce agreement in which Tiger Woods could pay up to $500 million to Swedish model Elin Nordegren could be a base for an appreciation of the krona (Swedish currency) against the U.S. currency, according to Citigroup analysts note.

Financial markets were affected by a high nervousness on Tuesday, but traders have been relaxed by a note suggesting that Citigroup’s suggesting that Tiger Woods’ divorce agreement could be the cause of Swedish currency growth, says a journalist from Wall Street Journal (WSJ) on their blog.

Tiger Woods divorce ended on Monday, exactly when the Swedish krona began to grow against the dollar. Krona further depreciated, without any clear basis.

Woods effect could be just a rumor, but “we cannot be sure” noted Citigroup analysts. American Financial Group specialists explanation is logical, notes WSJ journalist Katie Martin. The amount that Tiger Woods will pay after the divorce is not yet known but will probably be quite large. Financial markets are very quiet and can be easily influenced. Buying krona worth several million dollars by Tiger Woods would be sufficient, considers Martin.

Even if krona evolution was not influenced by his divorce, a little bit of relaxation doesn’t hurt anyone, especially to financial markets, affected by concerns about the state of the global economy, says the material posted on the WSJ blog.

The dollar was trading at SEK 7.45 at 11:25 GMT. According to U.S. press, Nordegren would receive between 100 and 500 million dollars after the divorce.

Image source: mwza.com

What do you think? What is your gossip?

The rules: Keep it clean, stay on the subject and use English only - or we may delete your comment. If you see inappropriate language email us. Read our Terms and Conditions