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EUR/DKK Spike Out Of Sync With Typical Determinants

EUR/DKK Spike Out Of Sync With Typical Determinants

The recent surge in EUR/DKK up to around 7.4550 looks to be at odds with usual determinants, which suggests the move is due to temporary factors.

EUR/DKK is now trading within Danmarks Nationalbank’s (DN) comfort zone with a fair distance to FX intervention levels on either side.

EUR/DKK FX forward outright have tracked the move higher in the EUR/DKK spot rate.

To read the entire report Please click on the pdf File Below

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