Thursday, October 15, 2026

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FxWirePro: USD/DKK hovers towards near 2 year low, dip till 6.4000 likely

The Danish Krone surged, hovering towards a near 2 year peak hit in the prior session as the greenback declined against a basket of currencies. The dollar index plunged to an over 4-month low as investors took a wait and…

By FxWirePro Team
1 min read
FxWirePro: USD/DKK hovers towards near 2 year low, dip till 6.4000 likely
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  • The Danish Krone surged, hovering towards a near 2 year peak hit in the prior session as the greenback declined against a basket of currencies.
     
  • The dollar index plunged to an over 4-month low as investors took a wait and see approach to tensions between the United States and China.
     
  • The United States gave China until Friday to close its consulate in Houston amid allegations of spying.
     
  • USD/DKK is trading 0.1 down at 6.4251, having hit low of 6.4168 the day before, its lowest since October 2018.
     
  • Immediate resistance is located at  6.4660, close above could take it till 6.4889 (5-DMA). 
     
  • On the downside, support is seen at 6.4155 and any break below will take it till 6.4010. 

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By FxWirePro Team