| The deputy governor of Denmark’s central bank, Per Callesen, said speculators won’t force the country to abandon its peg to the euro. “We do not consider any exit from this path, irrespective of what currency speculators believe,” Callesen said at an event at the London School of Economics on Wednesday. “Speculative attacks have happened, they will go on” in the future, he said.
The comments follow signs that demand for the krone is building, forcing the central bank to accelerate record foreign-currency purchases in an effort to defend the peg. Net flow data published on Wednesday revealed the central bank sold $2.7 billion in kroner in a single day, according to estimates provided by Svenska Handelsbanken AB. That follows Tuesday data, which showed $2.1 billion in kroner were dumped on the market by the bank...............................................Full Article: Source
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