FxWirePro: USD/DKK consolidates near over 2-year low, investors eye FOMC minutes
The Danish Krone consolidated near an over 2-year peak as the greenback held firm near recent lows against a basket of currencies. The dollar index steadied near an over 2-year trough as investors await the release of th…
The Danish Krone consolidated near an over 2-year peak as the greenback held firm near recent lows against a basket of currencies.
The dollar index steadied near an over 2-year trough as investors await the release of the minutes from the July 28-29 FOMC meeting later in the day, with speculation the Fed will adopt an average inflation target.
The greenback has declined in recent days, weighed down by uncerntainty over the new round of U.S. stimulus and fall in the U.S. Treasury yields.
USD/DKK is trading flat at 6.2449, having hit low of 6.2228 on Tuesday, its lowest since May 2018.
Immediate resistance is located at 6.2700, close above could take it till 6.2867 (7-EMA).
On the downside, support is seen at 6.2220 and any break below will take it till 6.2109.
