Danish Krone Trades Near 1-month Low Against US Dollar
03 Novembre 2009 - 2:01PM
RTTF2
The Denmark currency that closed Monday's deals at 5.0372
against the US dollar declined more than 1 percent to 5.0883 by
7:00 am ET Tuesday. This set the lowest mark for the Danish krone
since October 5. Currently, the dollar-krone pair is quoted at
5.0785.
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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