Tuesday, March 3, 2015

Denmark experiences less pressure in foreign exchange intervention...

Although forex reserves rose to  kr. 737.1 billion. ($110.6 billion) ,by end February,  (Denmark's Nationalbank’s net purchase of foreign exchange due to intervention in the foreign-exchange market during February amounted to kr. 168.7 billion) ; the  bank said that the major part of the intervention took place around the interest rate reduction on 5 February. It thus indicated that it had beaten back speculators.

If history is to repeat, it may be speculated that the speculators are waiting to rest and recoup, cogitating  when they might make the next move.  Market will raid yet again.

Without any risk or responsibility

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