FxWirePro: USD/DKK hovers towards 1-month peak, struggles to break above 6.4000
The Danish Krone plunged, hovering towards a 1-month low hit in the prior session as the greenback steadied against a basket of currencies. The dollar index steadied after rising to a 1-month peak in the previous session…
The Danish Krone plunged, hovering towards a 1-month low hit in the prior session as the greenback steadied against a basket of currencies.
The dollar index steadied after rising to a 1-month peak in the previous session on data showing the U.S. economy grew at a record pace for the third quarter and an improving trend in jobless claims.
U.S. gross domestic product rebounded at a 33.1 percent annualised rate last quarter, while 751,000 people in the United States filed for state unemployment benefits in the week ended Oct. 24, compared with 791,000 the previous period.
USD/DKK is trading 0.1 percent higher at 6.3818, having hit high of 6.3910 on Thursday, its highest since September 28.
Immediate resistance is located at 6.4020, close above could take it till 6.4102.
On the downside, support is seen at 6.3584 and any break below will take it till 6.3427 (55-EMA).
