Commentary
Add as a preferred source on GoogleQuotes from Nordea Markets: -EUR/DKK spiked towards the central parity on Friday after Nationalbanken commented that it is ready to use capital controls, if needed, to defend the peg. -It is questionable, as the comment …
Quotes from Nordea Markets:
-EUR/DKK spiked towards the central parity on Friday after Nationalbanken commented that it is ready to use capital controls, if needed, to defend the peg.
-It is questionable, as the comment came from the head of the Economic Council, which advises the Danish government, rather than from the central bank itself.
-That said, Nationalbanken will keep doing what it has to do to defend the DKK peg for now.
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