Danske Daily: As Downward Pressure On EUR/DKK Prevails

Published 02/09/2015, 07:01 AM
Updated 05/14/2017, 06:45 AM

Market movers today


The combination of ECB's QE announcement, a weaker euro and low oil prices should lift investor confidence and we expect the Euro Area Sentix Investor survey for February to surprise on the upside and increase to 4.0 in February from 0.9.

The Fed will release the January LMCI which should get a boost from Friday's strong US labor market report (see US: very strong employment report, February 6, 2015).

German Chancellor Angela Merkel is to meet President Barack Obama in Washington today as Merkel will try to secure a diplomatic solution to the escalating Ukraine crisis. The visit comes after the latest round of talks between France, Germany, Ukraine and Russia failed to result in a peace accord at the weekend.

Monetary policy in Denmark and Denmark's National bank will likely be in the spotlight today as downward pressure on EUR/DKK prevails.

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