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Danmarks Nationalbank intervention to cap EUR/DKK upside in April

Danmarks Nationalbank (DN) sold DKK33.9bn of FX in intervention to support DKK in April. The move highlights that the downward pressure on EUR/DKK has reversed and that DN is now reacting to cap EUR/DKK upside. Governmen…

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Danmarks Nationalbank (DN) sold DKK33.9bn of FX in intervention to support DKK in April. 

The move highlights that the downward pressure on EUR/DKK has reversed and that DN is now reacting to cap EUR/DKK upside. 

Government deposits declined as projected in April, Danske Bank sticks to the view that bond sales will be resumed in Q4 this year. 

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