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Denmark likely to expect current account surplus of DKK11.5bn in January

  • Denmark's current account surplus is expected to be of around DKK11.5bn in January, which is not far off December's DKK12.0bn.

  • The surplus is driven both by a large trade balance surplus and net income from abroad. The large current account surplus helps to explain the appreciation pressure on the DKK. 
Danske Bank notes in a report on Wednesday:

We expect the trade surplus excluding vessels and aircraft to be almost unchanged at DKK6.2bn in January against DKK6.3bn in December.

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