DKK/USD Price & Performance (DKKUSD)

The US dollar has strengthened, benefiting from a risk-off market sentiment. Despite earlier weakness due to revised Federal Reserve growth forecasts, the currency rebounded as investors sought safe-haven assets. Upcoming remarks by Fed official John Williams may influence the dollar, depending on indications about monetary policy adjustments.1

Danske Bank is preparing to expand its involvement in the defense sector, aligning with Europe's rearmament efforts. The bank anticipates a greater demand for capital and credit to support defense contractors fulfilling orders. Chairman Martin Blessing highlighted the financial industry's critical role in this strategic shift.2

TORM plc has announced a capital increase of 262,294 A-shares, following the exercise of Restricted Share Units under its incentive program. The new shares, issued at DKK 0.08 per share, will carry standard rights, including dividend eligibility, and are expected to be listed on Nasdaq Copenhagen soon.3