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FxWirePro: USD/DKK consolidates near over 2-year low, investors eye FOMC minutes 

  • The Danish Krone consolidated near an over 2-year peak as the greenback held firm near recent lows against a basket of currencies. 
     
  • The dollar index steadied near an over 2-year trough as investors await the release of the minutes from the July 28-29 FOMC meeting later in the day, with speculation the Fed will adopt an average inflation target.
     
  • The greenback has declined in recent days, weighed down by uncerntainty over the new round of U.S. stimulus and fall in the U.S. Treasury yields. 
     
  • USD/DKK is trading flat at 6.2449, having hit low of 6.2228 on Tuesday, its lowest since May 2018.
     
  • Immediate resistance is located at  6.2700, close above could take it till 6.2867 (7-EMA). 
     
  • On the downside, support is seen at 6.2220 and any break below will take it till 6.2109. 
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