This forex pair is the US Dollar - Danish Krone pair. Denmark mainly exports industrial and manufactured goods (roughly 70% of exports) as well as agricultural products (roughly 20% of exports). While Denmark conducts a significant amount of trade with the European Union, Denmark decided not to adopt the Euro. The pair reached below 4.80 during the height of the US financial crisis but has since sharply recovered.
Click here for live USD/DKK rates.
Weekly US Dollar and Danish Krone Trading Forecast
|Dollar Goes for a Nine-Month Rally with Fed Talk and NFPs on Tap||bullish|