FxWirePro: USD/SEK hits 1-1/2 month low, strong support at 8.7000
The Swedish Krona rose to an over 1-1/2 month peak as the dollar eased across the board. The greenback eased after U.S. President Donald Trump raised hopes for a breakthrough on Tuesday by saying he was willing to accept…
The Swedish Krona rose to an over 1-1/2 month peak as the dollar eased across the board.
The greenback eased after U.S. President Donald Trump raised hopes for a breakthrough on Tuesday by saying he was willing to accept a large aid bill, despite opposition from his own Republican party.
Lawmakers in Washington have been negotiating intermittently since August, with Democrats arguing for a larger package to help manage the economic fallout from coronavirus.
USD/SEK trades 0.1 percent lower at 8.7365, having hit a low of 8.7012 earlier, its lowest since September 10.
Immediate resistance is located at 8.7677, any close above could take it above 8.7939.
On the lower side, support is seen at 8.6843, break below could take it till 8.6631.
