Danmarks Nationalbank intervened in FX markets for the second time since June to support the weak Danish krone, net buying DKK5.6bn ($870m) in August, its FX, liquidity and monthly balance sheet report said. The krone has slid to record lows versus the euro since the currency's 1999 launch, touching 7.4761 DKK per euro on Aug. 7. Continued exchange-rate pressure could force the central bank to raise borrowing costs, though several analysts say their baseline does not expect imminent rate action.

Danmarks Nationalbank intervened in FX markets for the second time since June to support the weak Danish krone, net buying DKK5.6bn ($870m) in August, its FX, liquidity and monthly balance sheet report said. The krone has slid to record lows versus the euro since the currency's 1999 launch, touching 7.4761 DKK per euro on Aug. 7. Continued exchange-rate pressure could force the central bank to raise borrowing costs, though several analysts say their baseline does not expect imminent rate action. Danmarks Nationalbank ordinarily follows ECB rate moves but could set policy independently if FX intervention proves insufficient to stabilise the currency.