USD/DKK

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

The US Dollar is the world's primary reserve currency and the most widely traded currency globally. Its value is influenced by US economic performance, Federal Reserve monetary policy, and global economic sentiment.  

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 USD/DKK currency pairing will be heavily influenced by the relative economic performance and monetary policies of the United States and the Eurozone.