The Traderszone Network

Published in TZ Latest News 19 January, 2015 by The TZ Newswire Staff

Denmark Goes NIRP-er; Slashes Rates To -20bps Amid Currency Peg Fears

It appears the actions of the Swiss National Bank have prompted questions for all central banks as cash squirts away from the looming Euro crash (if France’s Hollande is to be believed) to any and every other currency. As the Danish Krone rallied to its strongest in 10 years against the EUR in the last few days, worries over the currency breaking its peg have apparently prompted the Danish Central Bank into action:

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