- Nationalbanken bought a net 5.6 billion kroner in foreign currency during August to defend Denmark’s fixed exchange rate against the euro.
- The intervention was the second since June, showing persistent pressure on the krone and increasing the prospect of an interest-rate hike.
Quotes
“Denmark’s central bank intervened to support a weakening krone for the second time since June”
“bought a net 5.6 billion kroner ($870 million) in the foreign-currency market in August”