The USD/DKK had a wild ride in August. First we fell by 6 percent, then rallied by 4.5%. The chart below demonstrates the madness that was the month of August. But in trading it’s easy to miss the forest for the trees.

Let’s zoom in a bit. The chart below shows the USD/DKK for this year. Notice that since January 20th or so we’ve basically stayed around the current price of 6.65 Euros for one Danish Krone. Sure we moved above this level by a large margin, as well as below it. But ultimately the pair keeps coming back to the middle which appears to be the fair value for this pair, at least for now. I’m betting on no major changes for the USD/DKK in September.

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