FxWirePro: USD/DKK eases from 3-week peak, struggles to break above 6.6800
The Danish Krone surged, halting a 4-day losing streak following the release of better-than-expected consumer confidence figures. The Danish consumer confidence index increased to -3.1 in June, due to an improvement in e…
The Danish Krone surged, halting a 4-day losing streak following the release of better-than-expected consumer confidence figures.
The Danish consumer confidence index increased to -3.1 in June, due to an improvement in expectations regarding households' financial situation and general economic situation.
Moreover, a decline in the dollar against a basket of currencies further supported the upside in the Danish currency.
The greenback eased from recent peaks amid renewed worries about a second wave of coronavirus infections.
USD/DKK is trading 0.3 percent down at 6.6493, having hit high of 6.6760 earlier in the day, its highest since June 2.
Immediate resistance is located at 6.6820, close above could take it till 6.7065.
On the downside, support is seen at 6.6320 (5-DMA) and any break below will take it till 6.6110 (10-DMA).
