EUR/DKK FX forwards have bounced back towards levels from early April.
We forecast EUR/DKK at 7.4425 on 1-12M with downside risk to around 7.4350.
We recommend Danish pension funds hedge EUR exposure in FX forwards on 8-10Y and Danish corporations with EUR payables hedge on 1-2Y.
To read the entire report Please click on the pdf File Below.