Danish crown slips after Danish central bank cuts rates
Reuters - Jan 19, 2015
The Danish crown retreated from 2 1/2-year highs against the euro on Monday after Denmark's central bank cut interest rates deeper into negative territory in a bid to limit further gains in the currency.
Denmark cut the deposit rate by 0.15 percentage points to -0.20 percent.
The crown fell to 7.4370 crowns per euro from a high of 7.4300 struck earlier in the day -- its highest since mid-2012 -- as investors seeking safe-haven currencies switched from the Swiss franc in the wake of Switzerland's move to abandon its currency cap and impose hefty negative rates.
