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LONDON — Denmark's central government paid back the entirety of all its foreign currency loans for the first time in "at least 183 years," the country's central bank said on Monday. "On 20 March ...
The Danish current account surplus against that of the US alone is around 3% of GDP. And contrary to Germany, Denmark is not a member of the euro area.
The Danish central bank continues to dig a moat around the nation's currency. Negative interest rates, no new bond issues, printing currency and jawboning will only work for so long.
But the Danish krone has proved to be popular in foreign exchange markets as the country’s peg to the euro means that it is a potentially lucrative trade if the single currency breaks up.
The September 28 referendum in Denmark on adoption of the euro was the continent's first ever plebiscite on the European single currency. In over a 90 percent turnout, Danes opted to keep the ...
This article is for subscribers only. The return on krone-denominated assets is now so low that Denmark’s biggest commercial fund no longer finds them attractive.
Denmark's currency relationship with the euro zone is much closer than Switzerland's. "The Danish crown, unlike the Swiss franc, is a euro in disguise," said Francesco Papadia, the former head of ...
Denmark’s central bank scrambled to defend its under-pressure currency peg, cutting its benchmark interest rate for the fourth time in less than three weeks.
Denmark sold short-term debt for the first time in two months, in an apparent sign that a period of intense pressure on the country’s currency peg is easing.
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