National Bank of Denmark confident it possesses ‘necessary tools’ to defend currency
Foreign exchange market has ‘gradually normalised’ in past few months
After enduring a period of "strong pressure" on the krone, the foreign exchange market has "gradually normalised" in the past few months, according to research published by the National Bank of Denmark.
In its monetary review for the third quarter, the central bank noted that after selling a "historically large amount" of kroner, it has since managed to sell foreign exchange in the market for Dkr191 billion until and including August.
"Developments since January have shown that Danmarks
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