Regarding Thursday’s ECB meeting, economists at Danske Bank think the ECB will keep its policy rate unchanged, therefore, the EUR/DKK pair should trade around 7.4730. Now, the pair is trading at 7.4676. Key quotes “In our base case, where the ECB keeps its policy rates unchanged on Thursday, we expect EUR/DKK to trade back up to around 7.4730.” “Should the ECB cut the deposit rate, it is a close call whether DN would follow or not, but we are inclined to expect DN to keep rates unchanged. In this case, we would expect limited movement in EUR/DKK spot.” “In the bigger picture, weak equity markets and falling USD/DKK exposes DKK weak spots.” 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 AUD/USD Price Analysis: Aussie recovers from 11-year lows, trades in two-week’s high near FX Street 2 years Regarding Thursday’s ECB meeting, economists at Danske Bank think the ECB will keep its policy rate unchanged, therefore, the EUR/DKK pair should trade around 7.4730. Now, the pair is trading at 7.4676. Key quotes “In our base case, where the ECB keeps its policy rates unchanged on Thursday, we expect EUR/DKK to trade back up to around 7.4730.” “Should the ECB cut the deposit rate, it is a close call whether DN would follow or not, but we are inclined to expect DN to keep rates unchanged. In this case, we would expect limited movement in EUR/DKK spot.” “In the… 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.
