Andreas Steno Larsen, Research Analyst at Nordea Markets, suggest that the upward pressure on EUR/DKK is likely to remain into 2019, which leaves an elevated risk of i) FX intervention by the Danish central bank, ii) an independent Danish rate hike (Independent Danish rate hike draws closer) if intervention proves insufficient. Key Quotes “As the upward pressure on EUR/DKK will intensify in the coming months, the market should start to price in the probability of an interest rate hike by the Danish central bank.” “Two reasons why the upward pressure on EUR/DKK will remain intact into 2019 Firstly, the geographical asset allocation of the Danish pensions sector has a significant impact on the EUR/DKK rate. Secondly, we see a large resemblance to the situation that was ongoing into 2013 when the first round of LTRO loans was paid back to the ECB by European banks.” 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 EUR/USD Technical Analysis: 2018 low here we come – Euro nearing 1.1300 level FX Street 4 years Andreas Steno Larsen, Research Analyst at Nordea Markets, suggest that the upward pressure on EUR/DKK is likely to remain into 2019, which leaves an elevated risk of i) FX intervention by the Danish central bank, ii) an independent Danish rate hike (Independent Danish rate hike draws closer) if intervention proves insufficient. Key Quotes "As the upward pressure on EUR/DKK will intensify in the coming months, the market should start to price in the probability of an interest rate hike by the Danish central bank." "Two reasons why the upward pressure on EUR/DKK will remain intact into 2019 Firstly, the geographical… 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.
