FxWirePro: USD/DKK tumbles below 6.300, dip till 6.2533 likely
The Danish Krone rallied, extending gains for the thiird straight session, as the greenback weakened against a basket of currencies. The dollar index eased as the U.S. Senate blocked a Republican bill that would have pro…
The Danish Krone rallied, extending gains for the thiird straight session, as the greenback weakened against a basket of currencies.
The dollar index eased as the U.S. Senate blocked a Republican bill that would have provided around $300 billion in new coronavirus aid, as Democrats pushed for more funding.
Investors continued to digest Denmark's upbeat economic data, which showed annual inflation rate came in at 0.5 percent in August, while annual harmonised inflation rate stood at 0.4 percent in August.
USD/DKK is trading 0.4 percent lower at 6.2748, having hit low of 6.2435 the day before, its lowest since September 2.
On Thursday, the piar slumped to an over 1-week trough but retraced to close nearly 0.1 percent lower at 6.2980.
Immediate resistance is located at 6.3204, close above could take it till 6.3344.
On the downside, support is seen at 6.2533 and any break below will take it till 6.2404.
