Danish Krone At 1-1/2 Month High Against US Dollar
20 Julho 2009 - 5:24PM
RTTF2
The Danish krone that climbed to a 1-1/2 month high of 5.2256
against the US dollar in early European trading on Monday moved
sideways thereafter. As of 9:15 am ET, the dollar-krone pair was
quoted at 5.2311 compared to last week's close of 5.2625. On the
upside, the Denmark currency may find target around the 5.213
level.
The Danish krone is pegged to the euro since January 1, 1999.
Prior to the introduction of the euro, the Danish Krone was pegged
to the German Mark. The reference rate for the euro-krone pair is
at 7.4603.
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