3 Feb 2015
Door wide open for further DKK appreciation – Danske Bank
FXStreet (Edinburgh) - Analysts at the Nordic lender Danske Bank expect inflows into the Danish krone to intensify in the near term.
Key Quotes
“DN’s suspension of government bond issuance late on Friday led to a significant rally in Danish government bonds on Monday where yields are now substantially below German Bunds”.
“The appreciation pressure on the DKK continues, while DN is likely to cap the downside in EUR/DKK around 7.4440”.
“As the ECB has yet to begin its government bond purchases, it is difficult to imagine that the appreciation pressure on the DKK will fade anytime soon”.
Key Quotes
“DN’s suspension of government bond issuance late on Friday led to a significant rally in Danish government bonds on Monday where yields are now substantially below German Bunds”.
“The appreciation pressure on the DKK continues, while DN is likely to cap the downside in EUR/DKK around 7.4440”.
“As the ECB has yet to begin its government bond purchases, it is difficult to imagine that the appreciation pressure on the DKK will fade anytime soon”.