Danish Krone Nears ERM II Limit Amid Geopolitical Pressures, Bank of America Securities Reports
The Danish krone has experienced relative weakness against the U.S. dollar in early 2024, with EUR/DKK approaching the highest level since the global pandemic. Bank of America Securities highlights that this move brings the currency near the ERM II's fluctuation limits, prompting expectations of central bank intervention to maintain the peg. Past e…