FxWirePro: USD/DKK near 3-month low, outlook remains bearish
The Danish Krone rallied to a near 3-month peak as the greenback plunged across the board. The dollar index declined as investors awaited U.S. employment data due later in the day, which is expected to show nonfarm payro…
The Danish Krone rallied to a near 3-month peak as the greenback plunged across the board.
The dollar index declined as investors awaited U.S. employment data due later in the day, which is expected to show nonfarm payrolls fell by 8 million in May after a record 20.537 million plunge in April.
USD/DKK is trading 0.1 percent down at 6.5752, having hit low of 6.5495 earlier in the day, its lowest since March 10.
Immediate resistance is located at 6.5927, close above could take it till 6.6068.
On the downside, support is seen at 6.5424, and any break below will take it till 6.5335.
