EUR/DKK to stay at 7.44 into the new year – ING

Danmarks Nationalbank (DN) is set to mirror the European Central Bank (ECB). Therefore, the EUR/DKK pair is expected to hover around the 7.44 mark into the new year, economists at ING report.

DN set to keep following the ECB

“For now, we see no reasons to doubt that the DN will continue to hike perfectly in line with the ECB.” 

“We forecast EUR/DKK to stay at 7.44 into the new year, but a return to 7.45-7.46 looks more than possible next year.”