Exchange Rate in Denmark
Denmark - Exchange RateAccording to preliminary data, the economy rebounded in Q2—returning to pre-pandemic levels—with GDP growing at the quickest pace since Q3 2020. A rapid vaccine rollout allowed authorities to lift most Covid-19 restrictions, which coupled with a decrease in the unemployment rate, likely supported stronger consumer confidence, buoying household spending in turn. Momentum has seemingly carried over at the outset of Q3: In July, the manufacturing PMI hit a near seven-year high—signaling a stronger improvement in conditions—and business sentiment was upbeat, which should support investment. Moreover, consumers were optimistic in August as sentiment hit a 19-month high. Additionally, despite rising infection rates since late June, authorities plan to remove virtually all restrictions by early September, boding well for activity. Meanwhile, on 20 August Fitch Ratings affirmed the country’s ‘AAA’ rating with a stable outlook, citing a high value-added economy and healthy government finances.
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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September 22, 2021
Consumer confidence came in at 8.2 in September, up from August's 4.4 and marked the best reading since July 2018.
September 10, 2021
Consumer prices fell a seasonally-adjusted 0.19% in August over the previous month, swinging from July's 0.67% rise.
September 7, 2021
Industrial output increased 3.4% in month-on-month seasonally-adjusted terms in July, which contrasted June's 4.3% decrease.
August 31, 2021
A second national accounts release confirmed that economic activity rebounded in the second quarter, increasing 2.3% on a seasonally-adjusted quarter-on-quarter basis (previously reported: +2.2% s.a.
August 30, 2021
Business confidence fell to a four-month low of 3.0 in August from July's over seven-year high of 7.0.