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Add as a preferred source on Google FxWirePro: USD/SEK eases towards over 2-year low, outlook remains bearish The Swedish Krona rose, drifting closer to an over 2-year peak recorded in the prior session as the dollar eased across the board. The greenback eased after the U.S. Treasury yields ticked lower, while investors await mi…
By FxWirePro Team Aug 19, 2020, 9:46 AM UTC
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The Swedish Krona rose, drifting closer to an over 2-year peak recorded in the prior session as the dollar eased across the board.
The greenback eased after the U.S. Treasury yields ticked lower, while investors await minutes from the Fed’s last meeting due later in the day.
USD/SEK trades 0.1 percent lower at 8.6302, having hit a low of 8.6101 on Tuesday, its lowest since May 2018.
Immediate resistance is located at 8.6756 (5-DMA), any close above could take it near 8.6855 (7-EMA).
On the lower side, support is seen at 8.6100, break below could take it till 8.6003.
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