Friday October 30, 02:22 PM
PREVIEW-Denmark's forex reserves seen steady in October
COPENHAGEN, Oct 30 (Reuters) - The Danish central bank's
foreign exchange reserves are estimated to have stayed flat at
393.8 billion crowns ($78.43 billion) in October, a Reuters
survey of five economists showed on Friday.
Denmark's forex reserves are sometimes a trigger for
interest rate changes under a monetary policy regime that aims
to keep the Danish currency steady within a narrow band to the
euro.
Rising reserves tend to indicate that the central bank has
been operating in the forex market selling crowns for foreign
currency to ease strengthening pressure on the crown.
The numbers exclude central government foreign loan
transactions.
The central bank will release its foreign currency reserves
data on Tuesday, Nov. 3, at 1500 GMT.
FORECAST:
Danish foreign-exchange reserves at end-October (bln crowns)
Median 393.8
Mean 191.8
Minimum 379.0
Maximum 398.8
September 2009 (actual) 393.8
----------------------------------
Jyske Bank (Copenhagen: JYSK.CO - news) 393.8
Nordea Markets 379.0
Nykredit Markets 393.8
Spar Nord Bank (Copenhagen: SPNO.CO - news) 393.8
Sydbank (Copenhagen: SYDB.CO - news) 398.8
(Reporting by Martin Dahl; editing by Stephen Nisbet)
($1=5.021 Danish Crown) Keywords: DENMARK RESERVES/POLL
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
