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Add as a preferred source on Google FxWirePro: USD/SEK retreats from 2-year trough, faces resistance at 8.8000 The Swedish Krona declined, hovering away from a 2-year peak as the dollar edged up against a basket of currencies. The dollar index nudged higher after U.S. lawmakers said they had made progress in talks on a new corona…
By FxWirePro Team Aug 4, 2020, 11:56 AM UTC
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The Swedish Krona declined, hovering away from a 2-year peak as the dollar edged up against a basket of currencies.
The dollar index nudged higher after U.S. lawmakers said they had made progress in talks on a new coronavirus relief bill.
USD/SEK trades 0.2 percent higher at 8.7625, having hit a low of 8.6397 on Friday, its lowest since June 2018.
Immediate resistance is located at 8.7967, any close above could take it near 8.8461.
On the lower side, support is seen at 8.7103, break below could take it till 8.6767.
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