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Denmark's central bank may take further action to support the Danish krone.

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Golden Finance reported that on July 6, August Hyldgaard of Denmark’s Danske Bank said in a report that after taking its first action in more than three years in June, the Danish central bank may further intervene to support the Danish krone. Data released on Thursday showed that the Danish central bank net bought 700 million kroner in the market to defend its peg to the euro. Hyldgaard said history indicates that the central bank will respond by expanding intervention as needed, with the intervention size possibly around 500 billion kroner. Danske Bank expects the central bank to set the euro’s upper limit at 7.4758 kroner in the short term. Data from the London Stock Exchange Group showed that the euro was unchanged versus the Danish krone at 7.4746 kroner, after having touched an 11-year high of 7.4759 kroner on June 25.
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