Must Read Rumors

Kate Middleton to present Art Fund’s Museum of the Year 2016 prize

Catherine, Duchess of Cambridge, will carry out a royal engagement next month in a field that is dear to her heart: art.

Kate Middleton and Prince William joke about the Duchess’ cooking skills

William recently teased his wife’s culinary skills!

Kate Middleton and Prince William to attend charity dinner in support of East Anglia’s Children’s Hospices

Catherine, Duchess of Cambridge, and her husband Prince William are set to attend a special charity dinner gala next week.

Angelina Jolie Pitt reveals her children are learning different languages

Brad Pitt and Angelina Jolie’s kids might become polyglots.

Kate Middleton isn’t pregnant with a baby girl

Another week, another pregnancy report about the Duchess of Cambridge!

Kate Middleton to present Art Fund’s Museum of the Year 2016 prize
Kate Middleton and Prince William joke about the Duchess’ cooking skills
Kate Middleton and Prince William to attend charity dinner in support of East Anglia’s Children’s Hospices
Angelina Jolie Pitt reveals her children are learning different languages
Kate Middleton isn’t pregnant with a baby girl

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