Pressure on EUR/DKK remains on the downside: Danske Bank

Quotes from Danske Bank:

-Pressure on EUR/DKK remains on the downside and despite Danmarks Nationalbank (DN) surprising the market last week by keeping its key policy rate unchanged at minus 0.75%, there is still speculation about further rate cuts.

-One could be announced today at 16:00 CET, although we see the most likely scenario as one in which DN does not cut its key policy rate further, but fends off DKK appreciation pressure through FX intervention.