Exchange Rate in Denmark
Denmark - Exchange RateThe economy was in a deep downturn in April due to the full impact of lockdown measures, with the manufacturing PMI at an over one-decade low and retail sales plunging. However, a swift recovery appears to have ensued since May amid the lifting of many restrictions. The manufacturing PMI returned to expansionary territory in the month on greater output and new orders, while retail sales rebounded on pent-up consumer spending. This comes after the economy contracted sharply in the first quarter due to lower consumption, investment and exports. Meanwhile, in politics, the government enhanced its already-robust fiscal response in mid-June, announcing fresh cash payments to households and the extension of many existing support schemes. This should buttress the economy heading into Q3.
Denmark - Exchange Rate Data
|Exchange Rate (vs USD)||6.87||7.06||6.21||6.51||6.66|
5 years of economic forecasts for more than 30 economic indicators.
Denmark Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||-0.15||-1.54 %||Jan 01|
|Exchange Rate||6.66||-0.57 %||Jan 01|
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July 23, 2020
Consumer confidence came in at minus 2.9 in July, up from June's minus 3.1.
July 10, 2020
Consumer prices increased a seasonally-adjusted 0.10% over the previous month in June, contrasting the 0.10% fall recorded in May.
June 29, 2020
Business confidence among firms in the manufacturing sector rose to minus 16 in June from May's minus 26 on the back of improved sentiment regarding production.
June 22, 2020
Consumer confidence came in at minus 3.1 in June, up from May's minus 8.8.
June 10, 2020
Consumer prices fell a seasonally-adjusted 0.10% over the prior month in May, in line with the 0.10% drop seen in April.