Danske Bank Tells Clients to Hedge Krone Risk as Gains Persist

  • Danish krone has strengthened to levels matching peg crisis
  • Risk of a Brexit exacerbating demand for AAA krone assets

Denmark’s biggest bank is urging pension fund clients to hedge for continued strength in the krone as the currency approaches levels last seen during a speculative attack against the AAA-rated country at the beginning of 2015.

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