FxWirePro: USD/SEK rebounds from 1-1/2 month low, finds support at 8.7000
The Swedish Krona declined after rising to an over 1-1/2 month peak in the prior session as the dollar bounced back across the board. The greenback rose after House Speaker Nancy Pelosi said before starting talks with Tr…
The Swedish Krona declined after rising to an over 1-1/2 month peak in the prior session as the dollar bounced back across the board.
The greenback rose after House Speaker Nancy Pelosi said before starting talks with Treasury Secretary Steven Mnuchin that there was still a chance for a deal despite resistance from Senate Republicans, though she acknowledged it might not pass until after the election.
The greenback against a basket of currencies traded 0.3 percent up at 92.90, having touched a low of 92.47 on Wednesday, its lowest since September 2.
Investors now turn their attention to the final U.S. presidential debate between Trump and Democrat rival Joe Biden, and weekly U.S. jobless claims due later in the day.
USD/SEK trades 0.7 percent higher at 8.7769, having hit a low of 8.7012 on Wednesday, its lowest since September 10.
Immediate resistance is located at 8.8295, any close above could take it above 8.8408.
On the lower side, support is seen at 8.6843, break below could take it till 8.6631.
