May 29, 2018 / 9:06 AM / 5 months ago

Danish crown jumps on Italy-driven safe-haven flows

COPENHAGEN, May 29 (Reuters) - The Danish crown strengthened markedly against the euro on Tuesday, hitting its strongest since January, after Italy’s president on Monday set his country on a path to early elections.

The gains are “probably as a consequence of safe-haven flow from increased uncertainty about Italy,” economist Jan Storup Nielsen from Nordea said on Twitter.

Reporting by Teis Jensen; Editing by Jacob Gronholt-Pedersen and John Stonestreet

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