FX Forecast Update - Danske Analyse - Danske Bank

Danske Markets FX forecasts vs DKKForecast Forecast vs forward outright, %Spot +1m +3m +6m +12m +1m +3m +6m +12mExchange rates vs DKKEUR 7.45 7.46 7.46 7.46 7.46 0.1 0.1 0.2 0.3USD 5.78 5.74 5.74 5.87 5.87 -0.6 -0.6 1.9 2.2JPY 5.64 5.61 5.57 5.57 5.33 -0.6 -1.3 -1.2 -5.4GBP 8.80 8.78 8.67 8.48 8.78 -0.3 -1.3 -3.4 0.3CHF 5.96 5.97 5.92 6.02 6.02 0.1 -0.7 0.9 0.9NOK 0.99 0.99 1.00 1.01 1.01 0.7 1.7 2.8 4.4SEK 0.87 0.87 0.89 0.90 0.91 0.2 2.8 4.3 6.1CAD 5.66 5.63 5.63 5.65 5.59 -0.6 -0.3 0.4 0.1AUD 5.71 5.74 5.74 5.76 5.58 0.9 1.4 2.4 0.7NZD 4.74 4.65 4.59 4.58 4.41 -1.6 -2.3 -1.7 -4.0PLN 1.79 1.78 1.78 1.76 -0.4 0.2 0.1CZK 0.29 0.29 0.28 0.29 -0.7 -1.1 -0.3HUF 0.26 0.25 0.25 0.25 0.8 1.6 2.7RUB 0.18 0.19 0.18 0.18 3.0 0.2 6.0Source: Danske Bank Marketswww.danskebank.com/CI29