EUR/DKK to rise, although only just above 7.4400 – Danske Bank EURDKK ECB Denmark Banks InterestRate
Economists expect EUR/DKK to rise slightly and likely just enough to break the 7.4400 level after central banks announcements on Thursday.“It is a 50/50 event whether DN follows ECB or not according to the market. Hence, if we are right, we expect EUR/DKK to rise, although only just above 7.4400.”
“FX forwards should drop if DN hikes 10 bps less. A further rise in EUR rates on a hawkish ECB would slightly mitigate the effect.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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