New research from Danske Bank
The Danish FX reserve was unchanged at DKK464bn in August.
It marks the fifth month in a row when Danmarks Nationalbank has stayed on the sidelines in the FX market.
We forecast EUR/DKK at 7.4400 on 1-12M and for DN to keep the key policy rate unchanged at minus 0.65% on 12M.
Flash Comment Denmark: No need for FX intervention in August