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.
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