The Danish Krone gained, retreating from an over 1-week low hit earlier in the week as the greenback declined against a basket of currencies. The dollar index nudged lower following reports that top U.S and Chinese offic…
The Danish Krone gained, retreating from an over 1-week low hit earlier in the week as the greenback declined against a basket of currencies.
The dollar index nudged lower following reports that top U.S and Chinese officials see progress being made in resolving concerns around the Phase 1 trade deal reached between the two countries in January.
USD/DKK is trading 0.3 percent lower at 6.2969, having hit high of 6.3344 on Friday, its highest since August 12.
Immediate resistance is located at 6.3312 (21-EMA), close above could take it till 6.3514.
On the downside, support is seen at 6.2774 and any break below will take it till 6.2521.
