The Króna Strengthened Again with Billions in Purchases by Foreign Funds in Íslandsbanki

Despite the collapse of Íslandsbanki's share offering, when it became clear that almost all of the remaining treasury shares were sold to domestic investors, foreign investors have been buying shares in the bank on the secondary market in recent days for the equivalent of several billion krónur. The purchases have led to some strengthening of the króna, and it is likely that it will remain strong if foreign investors continue to show interest in…