EUR/DKK FX forward curve has steepened as the 3M point has declined to its lowest level since early 2018 on portfolio outflows and ample DKK liquidity.
We still expect the DKK net position to be around DKK220bn at the end of the year and assuming portfolio outflows do not reverse, the 3M EUR/DKK FX forward should continue to trade around the current low level.
DKK-based clients with EUR assets and a hedging mandate should consider hedging beyond 1Y as opposed to 3M to reduce negative carry.
To read the entire report Please click on the pdf File Below:
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.