FxWirePro: USD/DKK hovers towards near 2-year low, likely to break below 6.3000
The Danish Krone rose, hovering towards a near 2 year peak hit earlier in the week as the greenback slumped across the board. The dollar index declined as investors cautious waited to hear from the U.S. Federal Reserve. …
The Danish Krone rose, hovering towards a near 2 year peak hit earlier in the week as the greenback slumped across the board.
The dollar index declined as investors cautious waited to hear from the U.S. Federal Reserve.
The Fed is expected to sound reassuringly accommodative at its policy review later in the day and perhaps open the door to a higher tolerance for inflation.
USD/DKK is trading 0.3 down at 6.3341, having hit low of 6.3177 on Monday, its lowest since September 2018.
Immediate resistance is located at 6.3838 (5-DMA), close above could take it till 6.4052 (7-EMA).
On the downside, support is seen at 6.2983 and any break below will take it till 6.2750.
