The report by Nordea, authored by Jan Størup Nielsen and Anders Svendsen, discusses the Danish Krone's (DKK) recent performance against the Euro.
The Pound Sterling recovers on Friday, up by 0.60% as the Greenback makes a U-turn erasing Thursday’s losses amid a risk-on mood. At the time of writing, the GBP/USD trades at 1.3604 yet poised to finish the week with a 0.56% loss.
ING analyst Chris Turner notes that the Euro has remained resilient despite recent market pressures, with a focus on the upcoming ECB press conference. President Lagarde's comments on the Euro's strength and potential downside risks to inflation will be critical for EUR/USD.