[Danske Bank: Danish Central Bank May Take Further Action to Support the Danish Krone] According to a report by August Hyldgaard of Danske Bank on July 6, as reported by Jinse Finance, the Danish Central Bank may further intervene to support the Danish krone after taking its first action in more than three years in June. Data released on Thursday showed that the Danish Central Bank made a net purchase of 700 million kroner in the market to defend its peg to the euro. Hyldgaard stated that historical evidence suggests the central bank responds to situations by expanding interventions as needed, with the scale of intervention potentially reaching around 50 billion kroner. Danske Bank expects the central bank to set the upper limit for the euro at 7.4758 kroner in the short term. According to data from the London Stock Exchange Group, the euro was flat against the Danish krone at 7.4746 kroner, after hitting an 11-year high of 7.4759 kroner on June 25.