FxWirePro: USD/DKK hits 1-week low, outlook remains bearish
The Danish Krone surged to a 1-week peak as the greenback eased against a basket of currencies. The dollar index eased as new cases and hospitalisations in record numbers rose through more U.S. states, especially in Lati…
The Danish Krone surged to a 1-week peak as the greenback eased against a basket of currencies.
The dollar index eased as new cases and hospitalisations in record numbers rose through more U.S. states, especially in Latin America.
Moreover, investors continued to digest yesterday's 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.
USD/DKK is trading 0.3 percent down at 6.6037, having hit high of 6.6760 on Monday, its highest since June 2.
Immediate resistance is located at 6.6554 (21-DMA), close above could take it till 6.6643 (21-EMA).
On the downside, support is seen at 6.5794 and any break below will take it till 6.5670.
