FxWirePro: USD/SEK trims gains, struggles to break above 9.3261
The Swedish Krona eased, extending previous session losses, as the greenback steadied near 3-month lows. The dollar index consolidated near multi-month lows, as investors now seek further clarity on U.S. monetary policy …
The Swedish Krona eased, extending previous session losses, as the greenback steadied near 3-month lows.
The dollar index consolidated near multi-month lows, as investors now seek further clarity on U.S. monetary policy after the Fed’s two-day policy meeting ends on Wednesday.
The greenback against a basket of currencies traded 0.1 percent higher at 96.80, having touched a low of 96.44 on Friday, its lowest since March 12.
USD/SEK trades 0.4 percent up at 9.2289, having hit a low of 9.1296 on Friday, its lowest since March 2019.
Immediate resistance is located at 9.3261, any close above could take it near 9.3646 (10-DMA).
On the lower side, support is seen at 9.1707, break below could take it till 9.1476.
