Must Read Rumors

Bobbi Kristina Brown placed in medically-induced coma

Whitney Houston and Bobby Brown’s daughter is reportedly struggling in a medically-induced coma.

Sia sings at The Ellen DeGeneres Show, confirms Grammys 2015 performance

Sia, who has four nominations at the 2015 Grammys for her hit “Chandelier,” will perform her latest single “Elastic Heart,” at this year’s show.

Tesla Model X prototype filmed at test track in California – Video

A recent video shows the testing of a Tesla prototype on a naval base in Alameda, California.

Justin Timberlake confirms wife Jessica Biel’s pregnancy with sweet Instagram photo

Rumors that Jessica Biel and her husband Justin Timberlake are expecting their first child together surfaced a few months ago when the actress seemed to reveal a baby bump.

Samsung Galaxy S6 rumors: release date, name, features and others

As the month of March is approaching, rumors around the successor of the Samsung Galaxy S5 are beginning to surface.

Bobbi Kristina Brown placed in medically-induced coma
Sia sings at The Ellen DeGeneres Show, confirms Grammys 2015 performance
Tesla Model X prototype filmed at test track in California – Video
Justin Timberlake confirms wife Jessica Biel’s pregnancy with sweet Instagram photo
Samsung Galaxy S6 rumors: release date, name, features and others

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