FxWirePro: USD/DKK near 2 year low, likely to break below 6.4000
The Danish Krone rallied to a near 2 year peak as the greenback slumped against a basket of currencies. The dollar index plunged to an over 4-month low, undermined by concern that Republicans and Democrats are struggling…
The Danish Krone rallied to a near 2 year peak as the greenback slumped against a basket of currencies.
The dollar index plunged to an over 4-month low, undermined by concern that Republicans and Democrats are struggling to reach consensus on the next round of U.S. economic stimulus measures.
USD/DKK is trading 0.4 down at 6.4300, having hit low of 6.4260 earlier, its lowest since October 2018.
Immediate resistance is located at 6.4891, close above could take it till 6.5075 (5-DMA).
On the downside, support is seen at 6.4155 and any break below will take it till 6.4010.
