Extending yesterday's uptrend, the Denmark currency edged higher against its US counterpart on Thursday morning. The Danish krone advanced to a 2-day high of 5.1878 against the greenback by 7:50 am ET, compared to 5.2186 hit late New York Wednesday. The pair is presently worth 5.2075 with 5.177 seen as the next target level.

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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