Dig deeper and the impact of AI, which has helped drive stocks to record highs, is rippling across to currencies.
According to JPMorgan, the resilience of the Swedish crown , or krona, and sterling in recent months may be partially attributable to tech as Sweden and Britain stand out on measures of AI investment and their currencies are receiving a tailwind from this dynamic, even if only a small one.
By one measure, the UK and Sweden received just over $4 billion each last year in private AI investments, ranking third and fourth in a Stanford University AI index of biggest beneficiaries of such investments, behind the United States and China.
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