FxWirePro: USD/DKK extends losses for the seventh straight session, dip till 6.6504 likely
The Danish Krone advanced to a fresh 2-1/2 month peak on the back of better-than-expected manufacturing data. Denmark's DILF Manufacturing PMI rose to 54 in May from a downwardly revised 37.2 in the previous month, point…
The Danish Krone advanced to a fresh 2-1/2 month peak on the back of better-than-expected manufacturing data.
Denmark's DILF Manufacturing PMI rose to 54 in May from a downwardly revised 37.2 in the previous month, pointing to the first expansion in factory activity since January.
The Danish currency was also supported by a weaker dollar as it plunged to multi-month lows on concerns over U.S.-China tensions and the worst civil unrest in the United States in decades.
USD/DKK is trading 0.5 percent down at 6.6638, having hit low of 6.6621 earlier, its lowest since March 16.
Immediate resistance is located at 6.7149, close above could take it till 6.7309.
On the downside, support is seen at 6.6504, and any break below will take it till 6.6426.
