Thursday, October 15, 2026

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FxWirePro: USD/SEK rebounds from 1-week low, finds support at 8.6500

The Swedish Krona eased, retreating from a 1-week high recorded in the prior session as the greenback rose against a basket of currencies. The dollar index gained following a spike in U.S. bond yields and release of upbe…

By FxWirePro Team
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FxWirePro: USD/SEK rebounds from 1-week low, finds support at 8.6500
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  • The Swedish Krona eased, retreating from a 1-week high recorded in the prior session as the greenback rose against a basket of currencies. 
     
  • The dollar index gained following a spike in U.S. bond yields and release of upbeat economic data. 
     
  • The number of Americans seeking unemployment benefits declined below one million for the first time since the start of the COVID-19 pandemic.
     
  • Investors now await U.S. retail sales and Michigan Consumer Sentiment Index for signs of recovery. 
     
  • USD/SEK trades 0.3 percent higher at 8.7066, having hit a low of 8.6516 the prior sesson, its lowest since August 6.
     
  • Immediate resistance is located at 8.7525, any close above could take it near 8.7740.
     
  • On the lower side, support is seen at 8.6471, break below could take it till 8.6236. 

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By FxWirePro Team