This is the forex quote for the Euro against the Danish Krone. In this quote, the value of one EUR (the 'base currency') is quoted in terms of DKK (the 'counter currency'). Denmark's economy is highly dependent on foreign trade, making it highly sensitive to developments that shape trends in external demand from its top trading partners, which are primarily European Union (EU) member states. Despite a referendum vote against joining the Eurozone in 2000, DKK remains pegged to EUR via the EU's 'exchange rate mechanism' (ERM II). The pair may likewise find volatility in news-flow related to the Eurozone debt crisis.
The Norwegian Krone is strengthening after Norway’s central bank left interest rates unchanged but said its policy rate will most likely be increased next month.