FxWirePro: USD/DKK at 1-week low, dip till 6.2913 likely
The Danish Krone rallied, extending gains for the third straight session as the greenback eased against a basket of currencies. The dollar index slumped as U.S. House of Representatives Speaker Nancy Pelosi and Treasury …
The Danish Krone rallied, extending gains for the third straight session as the greenback eased against a basket of currencies.
The dollar index slumped as U.S. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin continued to narrow their differences in a telephone conversation on Monday.
The greenback against a basket of currencies traded 0.3 percent down at 93.17, having touched a low of 93.15 earlier, its lowest since October 13.
USD/DKK is trading 0.4 percent lower at 6.2993, having hit low of 6.2974 earlier, its lowest since October 13.
Immediate resistance is located at 6.3410 (5-DMA), close above could take it till 6.3536 (55-EMA).
On the downside, support is seen at 6.2913 and any break below will take it till 6.2794.
