Convert USD to DKK
USD/DKK touched a low of 6.2469 on 4 November 2020. This was the weakest value for the currency pair so far this year.
The USD/DKK sees significant price action upon the release of key economic data from the US and Denmark, including GDP, unemployment rate, inflation, business confidence, retail sales, trade balance and industrial production.
Changes to the monetary policy or interest rates by the Federal Reserve and the Danmarks Nationalbank can cause movements in the USD/DKK currency pair. For instance, if the Fed cuts interest rates or turns dovish about its monetary policy, the USD weakens, causing USD/DKK to trade bearish, and vice versa.