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EUR/DKK: The Danish krone is always stronger in May due to the dividend season – NordeaNEWS |
4/7/2021 8:11:26 AM GMT
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By FXStreet Team
The DKK usually strengthens in May, likely because of the dividend season. Material intervention could be on the cards, why it is a “cut in May or it will go away” scenario, Andreas Steno Larsen, Chief Global FX/FI Strategist at Nordea, informs.
EUR/DKK is lower in May 86% of May’s since 2000
“The DKK usually strengthens during May due to the dividend season, which could lead to renewed material intervention, which brings a rate cut into play, but we still judge that the probability is (clearly) below 50% for an independent rate cut before summer.”