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FxWirePro: USD/SEK retreats from multi-month lows as greenback trims losses

The Swedish Krona retreated after rising to an over 1-year peak as the greenback attempted a minor recovery against a basket of currencies. The dollar index steadied after tumbling to a near 3-month low earlier in the se…

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FxWirePro: USD/SEK retreats from multi-month lows as greenback trims losses
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  • The Swedish Krona retreated after rising to an over 1-year peak as the greenback attempted a minor recovery against a basket of currencies. 
     
  • The dollar index steadied after tumbling to a near 3-month low earlier in the session. 
     
  • USD/SEK trades 0.1 percent up at 9.1920, having hit a low of 9.1296 earlier, its lowest since March 2019.
     
  • Immediate resistance is located at 9.2688, any close above could take it near 9.3121.
     
  • On the lower side, support is seen at 9.1127, break below could take it till 9.0894.

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