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Add as a preferred source on Google 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…
By FxWirePro Team Aug 18, 2020, 8:57 AM UTC
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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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