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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Danish June forex reserves rise, rates seen steady

Posted on 03 July 2009

From Forbes: Denmark’s foreign exchange reserves rose by 5.0 billion crowns to 330.3 billion ($62.59 billion) in June against economists’ expectation of no change, central bank data showed on Thursday.

The central bank, whose main lending rate stands at 1.55 percent, signalled no change in interest rates. Economists also said the modest rise in forex reserves suggested there would be no change for the time being………Full Article: Source


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