EUR/DKK

EUR/DKK CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the Danish Krone.  

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The Danish Krone, issued in Denmark, is pegged to the Euro through the ERM II (Exchange Rate Mechanism II).

This peg means its value is closely tied to the Euro, and therefore, it is heavily influenced by the European Central Bank's (ECB) monetary policy and Eurozone economic conditions. Therefore, the EUR/DKK currency pairing will be heavily influenced by Eurozone economic factors and ECB policies.