Denmark Lifts Euro-Peg ‘Tsunami Warning’ as Speculators Quit
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Denmark’s government sees the latest currency flow data as evidence speculators have been beaten back in their efforts to break the krone’s peg to the euro.
“The tsunami warning is off,” Economy Minister Morten Oestergaard said in an interview in Copenhagen. Policy makers in Denmark are “very confident that we have the upper hand in this little bout” of exchange-rate turbulence, he said.