FxWirePro: USD/DKK eased from near 1-week peak, struggles to break above 55-EMA
The Danish Krone nudged higher, hovering away from a near 1-week low hit in the previous session as the U.S. dollar eased against a basket of currencies. The dollar declined as investors await speeches from Federal Reser…
The Danish Krone nudged higher, hovering away from a near 1-week low hit in the previous session as the U.S. dollar eased against a basket of currencies.
The dollar declined as investors await speeches from Federal Reserve Chair Jerome Powell, European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey at a central banking forum later in the day.
USD/DKK is trading 0.2 percent lower at 6.3110, having hit high of 6.3385 earlier, its lowest since November 5.
Immediate resistance is located at 6.3390 (55-EMA), close above could take it till 6.3450.
On the downside, support is seen at 6.2996 and any break below will take it till 6.2870.
