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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jul 19, 2011 18:28
Goodness....DK is freely exchangeable thus it is freely traded.
digi
Canada
Posted Anonymously
13 years ago
Jul 19, 2011 18:02
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..Police were called and say Mihamae admitted grabbing the TSA agent and continued to argue with officers before she was arrested.

Olivier
London, UK
Posts: 63
13 years ago
Jul 19, 2011 17:23
"of course DK is freely traded"
That cannot be the case when the DK is pegged to the Euro: if you load a Eur/Usd chart unto a DK/Usd chart you will see that they are identical (and you can replace Usd by any other currency and you will have the same result - 2 identical charts). The Euro is traded against all the currency and the DK value against these currencies is derived from the Euro value
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jul 19, 2011 16:47
of course DK is freely traded.
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jul 19, 2011 16:46
It is correct that DK is ( though not officially) pegged to EUR and also true that private debt
is very high. But Denmark has succeeded in bringing down total external debt while Ezone external debt has exploded. DK will imo not at all be harmed if EUR goes eventually bust.
digi
toro, Canada
Posts: 1040
13 years ago
Jul 19, 2011 16:38
krona isnt freely traded?

thats unusual

for european currencies
Olivier
London, UK
Posts: 63
13 years ago
Jul 19, 2011 16:25
The Danish Kroner is pegged to the Euro Cat so it's only as stable as the Euro; the exchange rate between the 2 has been between 7.43xx & 7.46xx for the last 10 years (i think); so when the Euro gets stronger, so does the DK and when the Euro is weak, so is the DK; i'm not sure if that qualifies the DK as a very stable currency or not but I agree that most Danes are probably quite happy not to be involved with the Euro-currency area;
What happens to the DK if the Euro goes bust?
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jul 19, 2011 16:10
It matters not what she says or comments upon what matters is she doesn't keep shut up.
Greece is done so what is next? Italy? Spain?
Could someone find out why tiny Denmark ,Sweden , Norway don't have anything like a debt crisis? Denmakr has Danish Kroner very stable currency... no oil no gas ... small but very
productive industry... 6 million inhabitants... most of them voted against Euro after they were allowed to lift a curtain...behind the curtain stood Merkel and the Danish said.... it can only get worse. Clever peoples.
digi
toro, Canada
Posts: 1040
13 years ago
Jul 19, 2011 15:55
On the heels of her commentary, the Euro plummeted across the board, falling approximately 45-pips in under 10-minutes against the U.S. Dollar. Similar reactions were seen in the EUR/CHF pair and EUR/JPY pair. Following Fridays surprise announcement by European Union President Herman Van Rompuy, its clear that the Euro-zone sovereign debt crisis is worsening at a pace faster-than-expected, so an emergency meeting is certainly not a strong sign for the currency blocs health.

cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Jul 19, 2011 15:29
Xaron EUR will temporarily recover ... but eventually will go bust. No way out. As far as I see EUR relative strength is unchanged from yesterday but USD suffers from inflation fears.
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