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2015.05.0512:54:00UTC+00Danmarks Nationalbank Intervention to Cap Eur/dkk Upside in April

Danmarks Nationalbank (DN) sold DKK33.9bn of FX in intervention to support DKK in April. 
The move highlights that the downward pressure on EUR/DKK has reversed and that DN is now reacting to cap EUR/DKK upside. 
Government deposits declined as projected in April, Danske Bank sticks to the view that bond sales will be resumed in Q4 this year. 

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