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Danmarks Nationalbank to keep EUR/DKK in 7.4440-7.4700 range in 1M-12M: Danske Bank

Tuesday, March 3, 2015 5:33 PM UTC

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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Danmarks Nationalbank to keep EUR/DKK in 7.4440-7.4700 range in 1M-12M: Danske Bank

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