FxWirePro: USD/DKK near 3-month low, outlook remains bearish
Friday, June 5, 2020 8:57 AM UTC
- The Danish Krone rallied to a near 3-month peak as the greenback plunged across the board.
- The dollar index declined as investors awaited U.S. employment data due later in the day, which is expected to show nonfarm payrolls fell by 8 million in May after a record 20.537 million plunge in April.
- USD/DKK is trading 0.1 percent down at 6.5752, having hit low of 6.5495 earlier in the day, its lowest since March 10.
- Immediate resistance is located at 6.5927, close above could take it till 6.6068.
- On the downside, support is seen at 6.5424, and any break below will take it till 6.5335.