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FxWirePro: USD/DKK near 2-week low, outlook remains bearish

The Danish Krone surged to a 1-1/2 week peak as the greenback declined against a basket of currencies. The dollar index fell to an over 2-year low following a decline in benchmark U.S. 10-year government bond yields. USD…

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FxWirePro: USD/DKK near 2-week low, outlook remains bearish
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  • The Danish Krone surged to a 1-1/2 week peak as the greenback declined against a basket of currencies. 
     
  • The dollar index fell to an over 2-year low following a decline in benchmark U.S. 10-year government bond yields.
     
  • USD/DKK is trading 0.3 percent lower at 6.2543, having hit low of 6.2531 earlier, its lowest since August 6.
     
  • Immediate resistance is located at  6.3021 (7-EMA), close above could take it till 6.3207. 
     
  • On the downside, support is seen at 6.2446 and any break below will take it till 6.2220. 

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