FxWirePro: USD/DKK at 1-month low, dip till 6.2675 likely
The Danish Krone advanced to a 1-month peak as the greenback slumped against a basket of currencies. The dollar index plunged to a 1- 1/2 month low as investors awaited the outcome of the fiscal stimulus. The White House…
The Danish Krone advanced to a 1-month peak as the greenback slumped against a basket of currencies.
The dollar index plunged to a 1- 1/2 month low as investors awaited the outcome of the fiscal stimulus.
The White House and Democrats in the U.S. Congress moved closer to agreement on a new coronavirus relief package as President Donald Trump said he was willing to accept a large aid bill despite opposition from his own Republican Party.
The greenback against a basket of currencies traded 0.3 percent down at 92.73, having touched a low of 92.68 earlier, its lowest since September 4.
USD/DKK is trading 0.3 percent lower at 6.2775, having hit low of 6.2698 earlier, its lowest since September 21.
Immediate resistance is located at 6.3132, close above could take it till 6.3281 (21-EMA).
On the downside, support is seen at 6.2675 and any break below will take it till 6.2513.
