FxWirePro: USD/SEK hits 1-week low, minor support at 9.2700
The Swedish Krona rallied to a 1-week peak as the greenback drifted further away from recent peaks. The greenback against a basket of currencies traded 0.2 percent lower at 97.87, having touched a high of 97.74 on Monday…
The Swedish Krona rallied to a 1-week peak as the greenback drifted further away from recent peaks.
The greenback against a basket of currencies traded 0.2 percent lower at 97.87, having touched a high of 97.74 on Monday, its highest since June 2.
USD/SEK trades 0.6 percent down at 9.3003, having hit a high of 9.4799 on Friday, its highest since May 29.
Investors now await Swedish June business confidence, consumer confidence and consumer inflation expectations figures due tomorrow for further clues on the direction of the pair.
Immediate resistance is located at 9.4225, any close above could take it near 9.4475.
On the lower side, support is seen at 9.2697, break below could take it till 9.2436.
