| Denmark’s government is warning its pension funds never to bet against their own currency regime again. “There’s no need to speculate against the krone, not even for the purposes of risk management,” Business Minister Troels Lund Poulsen said Thursday in an e-mailed response to questions. The krone’s peg to the euro “is not up for discussion.”
Denmark’s fixed currency regime was attacked in January, after Switzerland’s decision to send its franc into a free float spurred conjecture the krone might be next. Unlike their Swiss counterparts, Danish policy makers prevailed and hedge funds and other speculators were beaten back...............................................Full Article: Source
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