EUR/DKK has climbed steadily in July after a short-lived dip below 7.4460 on 30 June. Economists at ING analyze the pair’s outlook.
DN to follow the ECB with a 25 bps hike in September
It seems quite likely that DN can keep stirring away from FX intervention and continue to follow the ECB’s pace of tightening.
We expect the DN to follow the ECB with a 25 bps hike in September.
In line with our call for a higher EUR/USD, we expect EUR/DKK to keep inching higher and round up to 7.46 around the turn of the year.