FX Forecast Update - Danske Analyse - Danske Bank

Danske Markets FX forecastsForecast Forecast vs forward outright, %Spot +1m +3m +6m +12m +1m +3m +6m +12mExchange rates vs EURUSD 1.290 1.30 1.30 1.27 1.27 0.7 0.7 -1.7 -1.9JPY 132.1 133 134 134 140 0.7 1.4 1.4 6.0GBP 0.847 0.85 0.86 0.88 0.85 0.4 1.5 3.8 0.0CHF 1.250 1.25 1.26 1.24 1.24 0.0 0.8 -0.7 -0.6DKK 7.45 7.46 7.46 7.46 7.46 0.1 0.1 0.2 0.3NOK 7.54 7.50 7.45 7.40 7.35 -0.6 -1.6 -2.6 -4.1SEK 8.60 8.60 8.40 8.30 8.20 -0.1 -2.6 -4.0 -5.6Exchange rates vs USDJPY 102.4 102 103 106 110 -0.1 0.7 3.2 8.0GBP 1.52 1.53 1.51 1.44 1.49 0.3 -0.8 -5.2 -1.8CHF 0.97 0.96 0.97 0.98 0.98 -0.8 0.1 1.0 1.2DKK 5.78 5.74 5.74 5.87 5.87 -0.6 -0.6 1.9 2.2NOK 5.84 5.77 5.73 5.83 5.79 -1.4 -2.3 -1.0 -2.3SEK 6.67 6.62 6.46 6.54 6.46 -0.9 -3.3 -2.3 -3.8CAD 1.02 1.02 1.02 1.04 1.05 -0.1 -0.2 1.5 2.1AUD 0.99 1.00 1.00 0.98 0.95 1.5 1.9 0.5 -1.4NZD 0.82 0.81 0.80 0.78 0.75 -0.9 -1.7 -3.5 -6.0Note: GBP, AUD and NZD are denominated in local currency rather than USDSource: Danske Bank Marketswww.danskebank.com/CI28