Denmark's central bank intervened to defend the krone after it hit a 25-year low against the euro, drawing on $111B in FX reserves to hold the peg.

Denmark's central bank intervened to defend the krone after it hit a 25-year low against the euro, drawing on $111B in FX reserves to hold the peg.

The Danish krone hit all-time lows against the euro near EUR/DKK 7.4747, raising speculation about Danmarks Nationalbank intervention and peg strategy