Spotlight on Denmark after SNB's shock move on euro cap

Copenhagen

AS investors and traders work out how to adjust their portfolios after the Swiss National Bank (SNB) jettisoned its euro cap on Thursday, interest is turning to another country with a euro peg.

Danske Bank says it has received several requests from hedge funds and offshore investors seeking to profit from the new climate through bets on Denmark. Though it's a lost cause to speculate the Danes may abandon their euro peg, according to Danske, the bank is advising clients to gird for rate cuts into unprecedented negative territory.