The USDDKK represents the value of the United States dollar (USD) against the value of the Danish krone (DKK). Prices in USD/DKK are quoted in Danish krone to the US Dollar. The USD is influenced by America's major economic industries including the agricultural and manufacturing sectors, fluctuations in precious metals markets as well as the monetary policy set by the Federal Reserve. The Danish krone is pegged to the Euro through the EU's exchange rate mechanism. Denmark's government is still committed to converting the Danish krone to the euro eventually. Due to Denmark's close relationship with the EU, the USD/DKK behavior is easily predictable when viewed in relation to the EUR/USD.