FxWirePro: USD/DKK rebounds from near 2-year low as greenback steadies
The Danish Krone declined after rising to a near 2 year peak in the prior session as the greenback surged across the board. The dollar index rebounded from recent lows as selling pressure eased ahead of a Federal Reserve…
The Danish Krone declined after rising to a near 2 year peak in the prior session as the greenback surged across the board.
The dollar index rebounded from recent lows as selling pressure eased ahead of a Federal Reserve meeting and as the next U.S. fiscal rescue package moved closer to a conclusion.
On Monday, the Danish currency rallied after data showed the country's retail sales rose by 6.6 percent year-on-year in June, following a downwardly revised 5.2 percent gain in the previous month.
USD/DKK is trading 0.2 up at 6.3434, having hit low of 6.3177 the day before, its lowest since September 2018.
Immediate resistance is located at 6.3817, close above could take it till 6.4226 (7-EMA).
On the downside, support is seen at 6.2983 and any break below will take it till 6.2750.
