DKK to AUD Exchange Rates & Currency Deals

Current market bias: The AUD to DKK exchange rate appears range-bound. Key drivers: - The interest rate differential is notable, as the RBA may raise rates to 3.85% to combat inflation, which could support the AUD. - Danmarks Nationalbank's recent rate cut to 1.85% is aimed at defending its euro peg, putting downward pressure on the DKK. - Rising commodity prices strengthen the AUD, benefiting Australian exports. Near-term range: Expect the AUD to DKK exchange rate to remain stable, similar to recent performance. What could change it: Upside risks include stronger-than-expected commodity prices, while downside risks involve increased global risk aversion potentially weakening the AUD. --- AUD to DKK is range-bound as the RBA may hike rates to 3.85%, bolstering the AUD. DKK feels pressure from a rate cut to 1.85% to support its euro peg. Rising commodity prices could strengthen the AUD, but global risk aversion may weigh heavily