USDDKK 23rd MAY 2022Amid losses across markets on fears of the impact of soaring inflation , a hawkish Federal Reserve and the Russo-Ukrainian conflict. Coronavirus-induced damage to the public finances has been minor, reflecting a large fiscal surplus prior to the pandemic. In response to Russia's invasion of Ukraine, Denmark has pledged to donate 2,700 anti-tank weapons to Ukraine.
Market participants sought refuge in safe-haven assets amid fears of the impact of a spike in inflation that hit its highest level in four decades. Dollar still tends to strengthen with a bearish correction for the next few weeks.
