By: Susan Wade
Following on from Switzerland's removal of its currency ceiling, fears are mounting that the Danish central bank may soon follow suit, sending further shockwaves through the forex market.
Forex brokers like FxPro.co.uk, global banks and traders can only watch with bated breath, waiting to see whether the country removes the fixed exchange rate policy that's been in place since the 1930s.
In the aftermath of the chaos caused by the Swiss National Bank's (SNB's) shock decision to remove its currency ceiling, investors are now beginning to ask whether Denmark could soon do the same.
The move by the SNB means that Denmark is the last major economy in the world to peg its currency to the euro. Continue reading "Could Denmark Be The Next Country To Remove Its Currency Ceiling?"