FxWirePro: USD/DKK slumps to its lowest since March 12, dip till 6.6302 likely
The Danish Krone advanced to a near 3-month peak as the greenback plunged across the board. The dollar index continues to decline as U.S. demonstrators, angered over the recent death of an African-American man, George Fl…
The Danish Krone advanced to a near 3-month peak as the greenback plunged across the board.
The dollar index continues to decline as U.S. demonstrators, angered over the recent death of an African-American man, George Floyd, in police custody, set fire to a mall in Los Angeles overnight and looted stores in New York.
Investors continued to digest Denmark's better-than-expected Manufacturing PMI released yesterday, which rose to 54 in May from a downwardly revised 37.2 in the previous month.
USD/DKK is trading 0.4 percent down at 6.6488, having hit low of 6.6387 earlier, its lowest since March 12.
Immediate resistance is located at 6.6820, close above could take it till 6.7094.
On the downside, support is seen at 6.6302, and any break below will take it till 6.6245 / 6.6193.
