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 do…
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.
