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- EUR/DKK to rise, although only just above 7.4400 – Danske Bank
EUR/DKK to rise, although only just above 7.4400 – Danske Bank
Economists expect EUR/DKK to rise slightly and likely just enough to break the 7.4400 level after central banks announcements on Thursday.
Crunch time for EUR/DKK
“We expect Danmarks Nationalbank (DN) to hike 10 bps less than ECB on Thursday and widen the spread to -35 bps.”
“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.”
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