Thursday, October 15, 2026

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FxWirePro: Danish Krone rallies to 4-week peak as current account surplus increases

The Danish Krone surged to a 4-week peak following the release of upbeat economic data. Denmark's current account surplus rose to DKK 17.4 billion in May from DKK 15.0 billion in the previous month. Separate data showed …

By FxWirePro Team
1 min read
FxWirePro: Danish Krone rallies to 4-week peak as current account surplus increases
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  • The Danish Krone surged to a 4-week peak following the release of upbeat economic data.
     
  • Denmark's current account surplus rose to DKK 17.4 billion in May from DKK 15.0 billion in the previous month.
     
  • Separate data showed the country's trade surplus increased to DKK 8.1 billion in May from DKK 6.7 billion in April. 
     
  • USD/DKK is trading 0.05 down at 6.5770, having hit low of 6.5511 earlier, its lowest since June 11.
     
  • Immediate resistance is located at  6.6054 (7-EMA), close above could take it till 6.6200 (10-DMA). 
     
  • On the downside, support is seen at 6.5368 and any break below will take it till 6.5225. 

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By FxWirePro Team