Thursday, October 15, 2026

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FxWirePro: USD/SEK slumps to 1-1/2 year trough, likely to fall below 9.0000

The Swedish Krona rallied to a 1-1/2 year peak as the dollar eased against a basket of currencies. The dollar index hit 1-month low as progress towards a COVID-19 vaccine helped equities rebound and commodity currencies …

By FxWirePro Team
1 min read
FxWirePro: USD/SEK slumps to 1-1/2 year trough, likely to fall below 9.0000
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  • The Swedish Krona rallied to a 1-1/2 year peak as the dollar eased against a basket of currencies.
     
  • The dollar index hit 1-month low as progress towards a COVID-19 vaccine helped equities rebound and commodity currencies strengthen. 
     
  • The greenback against a basket of currencies traded 0.4 percent lower at 95.85, having touched a low of 95.83 earlier, its lowest since June 10.
     
  • USD/SEK trades 0.6 percent down at 9.0433, having hit a low of 9.0343, its lowest since early February 2019.
     
  • Immediate resistance is located at 9.1135, any close above could take it near 9.1307.
     
  • On the lower side, support is seen at 9.0242, break below could take it till 8.9875. 

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By FxWirePro Team