FxWirePro: USD/DKK near 2-week low, outlook remains bearish
Tuesday, August 18, 2020 8:57 AM UTC
- The Danish Krone surged to a 1-1/2 week peak as the greenback declined against a basket of currencies.
- The dollar index fell to an over 2-year low following a decline in benchmark U.S. 10-year government bond yields.
- USD/DKK is trading 0.3 percent lower at 6.2543, having hit low of 6.2531 earlier, its lowest since August 6.
- Immediate resistance is located at 6.3021 (7-EMA), close above could take it till 6.3207.
- On the downside, support is seen at 6.2446 and any break below will take it till 6.2220.