Flash Comment Denmark: No need for FX intervention in August

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