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.


Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike
U.S. Dollar Slips as Yen Finds Support on Intervention Signals and Geopolitical Risks Rise
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile
FxWirePro: Daily Commodity Tracker - 21st March, 2022
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 



