FxWirePro: Danish Krone hits 1-week peak as risk sentiment improves
The Danish Krone rallied to a 1-week peak as the greenback eased against a basket of currencies. The dollar index declined as investors cautiously awaited the upcoming U.S. jobs figures. Global risk sentiment improved fo…
The Danish Krone rallied to a 1-week peak as the greenback eased against a basket of currencies.
The dollar index declined as investors cautiously awaited the upcoming U.S. jobs figures.
Global risk sentiment improved following upbeat data from U.S. Europe and China, all suggesting the worst of the fallout from the coronavirus pandemic may have passed.
USD/DKK is trading 0.3 percent down at 6.6011, having hit low of 6.5922 earlier, its lowest since June 24.
On Wednesday, the pair once again failed to sustain gains above 21-EMA, retracing to close 0.2 percent lower at 6.6339.
Immediate resistance is located at 6.6467, close above could take it till 6.6630.
On the downside, support is seen at 6.5848 and any break below will take it till 6.5670.
