Danmarks Nationalbank bought Danish kroner worth 5.6 billion kroner in August to support the krone's exchange rate. This is shown by new figures from Danmarks Nationalbank on Wednesday. The intervention comes after the krone has weakened against the euro.
The Danish krone has been weakening against the euro for a long period of time. Now, for the second time in three months, the Nationalbank has reacted.
Danmarks Nationalbank bought Danish kroner worth 5.6 billion kroner in August to support the krone's exchange rate. This is shown by new figures from Danmarks Nationalbank on Wednesday. The intervention comes after the krone has weakened against the euro.