FxWirePro: USD/DKK consolidates above 6.300, investors eye next catalyst
The Danish Krone steadied after rising for two straight sessions, as the greenback held firm against a basket of currencies. The dollar index nudged higher, halting a 2-day losing streak after data released yesterday sho…
The Danish Krone steadied after rising for two straight sessions, as the greenback held firm against a basket of currencies.
The dollar index nudged higher, halting a 2-day losing streak after data released yesterday showed the number of Americans seeking unemployment benefits declined below one million for the first time since the start of the COVID-19 pandemic.
However, the upside in the dollar appears limited as politicians remain deadlocked over the next relief package.
Invetor risk sentiment slightly weakned after data showing the Danish economy contracted by 7.4 percent on quarter in the three months to June, following a 2.0 percent contraction in the previous period.
USD/DKK is trading 0.05 percent higher at 6.3072, having hit high of 6.3596 on Wednesday, its highest since August 3.
Immediate resistance is located at 6.3360, close above could take it till 6.3540.
On the downside, support is seen at 6.2802 and any break below will take it till 6.2690.
