217137 Resource 128460 120646 120646 1225111084884 1225111084884 Controlled Danish Central Bank Gets Swap Line from European Central Bank

Denmark attempts to defend the krone against global recession

<font size="2"><span style="font-family: verdana,arial,helvetica,sans-serif;">The Danish central bank was just barely granted access to a <a href="http://www.actionforex.com/fundamental-analysis/daily-forex-fundamentals/ecb-sets-up-12b-euro-swap-line-with-danish-central-bank-2008102765906/" target="_blank" title="European Central Bank, Danish swap line, forex trading, FX markets, financial markets, global recession, Danish krone, Federal Reserve">swap line from the European Central Bank</a>. The amount is 12 billion euro. The Danish bank is already taking advantage of a swap credit line worth $15 billion from the U.S. Federal Reserve.</span><br style="font-family: verdana,arial,helvetica,sans-serif;" /><br style="font-family: verdana,arial,helvetica,sans-serif;" /><span style="font-family: verdana,arial,helvetica,sans-serif;">The Danish central bank is making a desperate bid to shore up the krone against recent upheavals in the financial and FX markets, due to an eminent and feared global recession. Indeed, its efforts has led to an interest rate hike at a time when many central banks are going for cuts.</span></font><br /> 9 application/xml false Danish krone Danish swap line European Central Bank Federal Reserve financial markets forex trading FX markets global recession Trading on the FX markets http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.3) Gecko/2008092414 Firefox/3.0.3 127.0.0.1 127.0.0.1 mmarquit 66.182.71.19 false true false false true 128460 blog blogsite/GFTForex/web