| Denmark's central bank bought a record amount of foreign currency last month in a bid to protect the krone’s peg to the euro, underscoring the fallout from the European Central Bank’s efforts to boost economic growth.
The Nationalbanken’s net purchases of foreign exchange amounted to 168.7 billion Danish kroner ($25.32 billion) in February, equal to about 9% of the Nordic country’s gross domestic product. The scale of the intervention was a record for Denmark’s central bank, which also made significant net purchases of foreign currency the previous month..............................................Full Article: Source
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