FxWirePro: USD/DKK slumps to 1-week low, struggles to hold gains above 21-DMA
The Danish Krone rallied to a 1-week peak as the greenback eased against a basket of currencies. The dollar index declined as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election…
The Danish Krone rallied to a 1-week peak as the greenback eased against a basket of currencies.
The dollar index declined as Democrat Joe Biden edged closer to the White House in a nail-biting U.S. presidential election.
Investor braced for days or even weeks of uncertainty as Republican incumbent President Donald Trump has opened a multi-pronged attack on vote counts in several states by pursuing lawsuits and a recount.
USD/DKK is trading 0.3 percent lower at 6.3322, having hit high of 6.4178 on Wednesday, its highest since July 24.
Immediate resistance is located at 6.3744 (5-DMA), close above could take it till 6.3910.
On the downside, support is seen at 6.3074 and any break below will take it till 6.2848.
