14272
Danish Currency Stabilizing
World Economy

Danish Currency Stabilizing

Following weeks of volatility caused by the European Central Bank’s stimulus efforts, the Danish krone is now showing signs of stabilization, NewEurope reported. Denmark’s central bank decided not to intervene in the foreign-exchange market in March. As reported by the Wall Street Journal, the Danish central bank has been battling to stabilize the exchange rate, when the ECB announced a vast program of bond purchases intended to bring economic growth that sent the euro plummeting against other currencies. On April 7, the Nationalbanken, the Danish central bank, said its foreign-exchange reserves remained at 737.1b kroner ($104b), an elevated level, after it sold a record amount of its own currency in January and February to weaken it.

Short URL : http://goo.gl/5j6cXJ

You can also read ...

Tech Sector Suffering as Brexit Uncertainty Bites
Uncertainty caused by the UK’s decision to exit the European...
Mexico Hit by Major Bribery Scandal
Mexico is the latest country caught up in the swirling scandal...
Pan-European stocks were down on Friday following falls in Asian and US stocks overnight.
European stocks continued to trade deep into the red on Friday...
The Industrial and Commercial Bank of China
Chinese banks are set to see a slowdown in lending growth in...
Malaysia GDP grew 5.8% year-on-year in the second quarter.
Malaysia’s economic growth accelerated unexpectedly to the...
Taiwan Raises GDP Growth
Solid demand for the components Taiwan pumps out for tech...
Sri Lanka  Cuts Taxes
Sri Lanka announced tax cuts and subsidized loans for small...
Indonesia’s First Trade Deficit in 19 Months
Indonesia posted its first trade deficit since late 2015 in...

Trending

Googleplus