Danske Bank is not counting on moves in the EUR/DKK until the Danmarks Nationalbank increases rates after its FX intervention in January. Key quotes “DN sold another DKK12.1bn EUR/DKK in FX intervention in January. The pair continues to trade close to the level that has triggered FX intervention in recent months and we expect it to stay here until DN hikes rates. Hence, more FX intervention and a 10bp rate hike is on the horizon.” “We think DN could afford to intervene for another DKK20bn before hiking rates, which means a rate hike is still 2 to 4 months away at the current pace of FX intervention. We now forecast DN to hike its policy rate 10bp to minus 0.65% in H1 this year.” “Today, the Danish DMO plans to tap its 2y and 10y benchmark. We expect it to sell between DKK2.5bn and DKK3.0bn at the auction.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next North America: Non-manufacturing ISM and US/Canadian trade data will be in focus today – TDS FX Street 2 years Danske Bank is not counting on moves in the EUR/DKK until the Danmarks Nationalbank increases rates after its FX intervention in January. Key quotes “DN sold another DKK12.1bn EUR/DKK in FX intervention in January. The pair continues to trade close to the level that has triggered FX intervention in recent months and we expect it to stay here until DN hikes rates. Hence, more FX intervention and a 10bp rate hike is on the horizon.” “We think DN could afford to intervene for another DKK20bn before hiking rates, which means a rate hike is still 2 to 4 months away… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
