EUR/DKK seems to have settled around the 7.4660-80 level after the recent tightening of monetary policy and stabilisation of global equity markets, as analysts at Danske Bank note.
“Higher policy rates and tighter liquidity conditions have pushed EUR/DKK FX forward points out to 1M above zero and 3M closer to zero.”
“Hence, should equity markets continue to rebound there is grounds for a move lower in EUR/DKK.”
“In the short term, Novo Nordisk will pay dividends (ex-date tomorrow), which normally tends to push EUR/DKK temporarily higher.”
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