Must Read Rumors

Apple could launch new iPads on October 21

A week has passed since the official presentation of the new iPhone and Apple Watch and new information regarding Apple’s plans have surfaced.

iOS 8 available for download, brings improvements

Today Apple released the newest version of its mobile operating system, the iOS 8.

Beyoncé pregnancy rumors shut down by Twitter photo

With Beyoncé and Jay Z, rumors never stop. One day they’re rumored to be on the brink of divorce, the next day they’re having another child.

Apple Watch Gold Edition could cost $1,200

Information regarding Apple’s 18-karat gold Apple Watch has emerged.

iPhone 6 and iPhone 6 Plus pre-orders reach 4 million on first day

More than 4 million Apple smartphones have already been reserved.

Apple could launch new iPads on October 21
iOS 8 available for download, brings improvements
Beyoncé pregnancy rumors shut down by Twitter photo
Apple Watch Gold Edition could cost $1,200
iPhone 6 and iPhone 6 Plus pre-orders reach 4 million on first day

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