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FxWirePro: USD/DKK at 1-month peak, struggles to sustain gains above 6.4000

  • The Danish Krone slumped a 1-month low as the greenback surged against a basket of currencies. 
     
  • The dollar index rallied to a 1-month peak, as investors prepared for U.S. presidential elections on Tuesday. 
     
  • However, the downside in the Danish currency appears limited as Manufacturing PMI in Denmark increased to 61.70 points in October from 55.10 points in September. 
     
  • USD/DKK is trading 0.05 percent higher at 6.3960, having hit high of 6.4065 earlier, its highest since September 28.
     
  • Immediate resistance is located at 6.4102, close above could take it till 6.4180. 
     
  • On the downside, support is seen at 6.3706 and any break below will take it till 6.3624. 
  • Market Data
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