FxWirePro: USD/SEK hits 6-1/2 week peak, faces resistance at 8.7710
Wednesday, September 9, 2020 9:34 AM UTC
- The Swedish Krona plunged to a 6-1/2 week low, as the greenback rallied against a basket of currencies.
- The dollar index surged amid renewed Brexit concerns and bets that policy signals from the European Central Bank on Thursday could weigh on euro.
- USD/SEK trades 0.05 percent higher at 8.8240, having hit a high of 8.8558 earlier, its highest since July 24.
- Immediate resistance is located at 8.8770, any close above could take it near 8.8970.
- On the lower side, support is seen at 8.7710, break below could take it till 8.7460.