16 Feb 2015
Intervention is set to continue in Denmark – Danske Bank
FXStreet (Edinburgh) - Kristoffer Lomholt, Analyst at Danske Bank, sees the case for further intervention by the DB in order to defend the EUR/DKK peg.
Key Quotes
“Despite media reports that Danmarks Nationalbank would announce ‘something’ over the weekend, there has been nothing, apart from some comments late Friday from spokesman, Karsten Biltoft, who said “For now, we’re satisfied with the interest-rate spreads.” (source: Bloomberg)”.
“Given the fact the DN decided not to cut last Thursday, we believe the DN’s current preferred strategy is to continue to intervene in the FX markets should the inflow continue”.
Key Quotes
“Despite media reports that Danmarks Nationalbank would announce ‘something’ over the weekend, there has been nothing, apart from some comments late Friday from spokesman, Karsten Biltoft, who said “For now, we’re satisfied with the interest-rate spreads.” (source: Bloomberg)”.
“Given the fact the DN decided not to cut last Thursday, we believe the DN’s current preferred strategy is to continue to intervene in the FX markets should the inflow continue”.