Trump Suspends Iran Strikes for Two Weeks as Ceasefire Talks Begin 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
U.S. Futures Dip as Iran Ceasefire Faces Early Challenges 
Asian Currencies Rally as Dollar Weakens, Trump-Iran Ceasefire Boosts Risk Sentiment 
Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets 
Asian Stocks Surge as U.S.-Iran Ceasefire Deal and Samsung Earnings Boost Market Confidence 
Oil Prices Crash 15% as Trump and Iran Agree to Two-Week Ceasefire 
RBI Holds Interest Rates Steady Amid Middle East Tensions and Global Uncertainty 
The EUR/DKK currency pair is expected to touch a level of 7.4350 in the one-month period and 7.44 in the 3-12 months period, according to forecasts by the Danske Bank research group.
Downwards pressure on EUR/DKK eased a bit in the latter half of March. This is probably due to the March 'dividend effect' and the tightening of liquidity requirements in significant currencies on Danish banks.
Overall, 7.44 looks like it is becoming the 'new normal' for EUR/DKK. However, it may test the 7.4330 intervention level in the near-term ahead of the French Presidential election; at least as long as Le Pen is in the race to become the next French President.
"Based on the experience from last year, our view remains that the bar for a DN rate cut is high. Hence, if needed, DN will continue to use FX intervention to fend off downwards pressure on EUR/DKK," the report commented.
