The Danish krone slipped against the US dollar after hitting a 10-day high of 5.4835 at 9:35 pm ET Sunday. The pair moved to 5.5139 by about 3:20 am ET Monday and this may be compared to Friday's close of 5.5229. The near term support level for the Denmark currency is seen at 5.55.
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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