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23 Jan 2015
EUR/DKK sidelining around 7.4430
FXStreet (Edinburgh) - The Danish krone is flat-lining vs. the shared currency today, with EUR/DKK meandering between 7.4420 and 7.4440.
EUR/DKK stable post-rate cuts
The Nordic cross is looking to consolidate around current levels following the two consecutive rate cuts by the central bank on Monday and Thursday, the last one following the ECB announcements. Recall that the Scandinavian central bank lowered its deposit rate to -0.35% from -0.20% in an attempt to undermine inflows to the DKK.
As of writing the cross is losing just 0.01% at 7.4430.
EUR/DKK stable post-rate cuts
The Nordic cross is looking to consolidate around current levels following the two consecutive rate cuts by the central bank on Monday and Thursday, the last one following the ECB announcements. Recall that the Scandinavian central bank lowered its deposit rate to -0.35% from -0.20% in an attempt to undermine inflows to the DKK.
As of writing the cross is losing just 0.01% at 7.4430.