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Add as a preferred source on GoogleQuotes from Danske Bank: - Danmarks Nationalbank (DN) made FX intervention purchases for DKK168.7bn in February. In the latter part of February, DN did not intervene in the FX market. - Despite the surge in the Danish FX…
Quotes from Danske Bank:
- Danmarks Nationalbank (DN) made FX intervention purchases for DKK168.7bn in February. In the latter part of February, DN did not intervene in the FX market.
- Despite the surge in the Danish FX reserve, it is a fair distance from the size of reserves in Hong Kong, Singapore and Switzerland.
- We expect DN to keep EUR/DKK in the range of 7.4440-7.4700 in 1M-12M and do not expect DN to make changes to the key policy rate within the coming 12 months.
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