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FxWirePro: USD/SEK hits 1-1/2 month low, strong support at 8.7000

  • The Swedish Krona rose to an over 1-1/2 month peak as the dollar eased across the board. 
     
  • The greenback eased after U.S. President Donald Trump raised hopes for a breakthrough on Tuesday by saying he was willing to accept a large aid bill, despite opposition from his own Republican party.
     
  • Lawmakers in Washington have been negotiating intermittently since August, with Democrats arguing for a larger package to help manage the economic fallout from coronavirus.
     
  • USD/SEK trades 0.1 percent lower at 8.7365, having hit a low of 8.7012 earlier, its lowest since September 10.
     
  • Immediate resistance is located at 8.7677, any close above could take it above 8.7939.
     
  • On the lower side, support is seen at 8.6843, break below could take it till 8.6631. 
  • Market Data
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