The Swedish Krona slumped to a 3-week low as the greenback gained against a basket of currencies. The dollar index held gains as escalating coronavirus cases in Europe stoked investor fears that fresh lockdowns would fur…
The Swedish Krona slumped to a 3-week low as the greenback gained against a basket of currencies.
The dollar index held gains as escalating coronavirus cases in Europe stoked investor fears that fresh lockdowns would further hit the already fragile economic recovery.
USD/SEK trades 0.7 percent higher at 8.9002, having hit a high of 8.9110 earlier, its highest since October 7.
Immediate resistance is located at 8.9348, any close above could take it above 8.9648.
On the lower side, support is seen at 8.8076 (21-EMA), break below could take it till 8.7787 (10-DMA).
