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EUR/DKK surges above 7.46, biggest intraday move since EUR intro

EUR/DKK shoots above 7.46, intraday move biggest since EUR intro Break above 7.4540/50 appears to trigger hefty stops EUR/DKK above parity rate of 7.46038 for first time since pressures built Traders likely going short o…

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  • EUR/DKK shoots above 7.46, intraday move biggest since EUR intro
  • Break above 7.4540/50 appears to trigger hefty stops

  • EUR/DKK above parity rate of 7.46038 for first time since pressures built

  • Traders likely going short on plays betting on EUR/DKK peg break

  • Move ripples through local IRS market, 1-yr rate up 10 bps to -12 bps

  • Volumes on Matching up on move above 7.46, not as big as intervention times

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