The EUR to DKK exchange rate is currently range-bound.
Key drivers include the interest rate differential, with Denmark's central bank easing rates to maintain the krone's peg to the euro. The eurozone is enjoying modest economic growth, projected at 1.6%, thanks to fiscal support in major economies. Oil prices, currently below their three-month average, can add pressure on the euro as energy costs fluctuate.
The expected trading range for EUR to DKK is stable, likely within a half-percent of recent lows.
An upside risk could arise from robust economic signals from the eurozone, enhancing the euro's strength. Conversely, a downside risk is posed by potential intervention from the Danish central bank should the krone weaken further, which could destabilize the exchange rate.