Denmark's FX reserves rise; central bank intervened before UK referendum

July 4, 2016 2:10 PM

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COPENHAGEN, July 4 Denmark's foreign exchange reserves rose to 452.3 billion Danish crowns ($67.7 billion) in June from 426.9 billion crowns at the end of May.

The central bank intervened in the foreign exchange market by selling 25.2 billion crowns in June to keep the currency stable against the euro, it said.

Also read: Top Central Bankers Defend Stimulus Efforts

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