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FxWirePro: USD/SEK eases towards over 2-year low, outlook remains bearish

  • The Swedish Krona rose, drifting closer to an over 2-year peak recorded in the prior session as the dollar eased across the board. 
     
  • The greenback eased after the U.S. Treasury yields ticked lower, while investors await minutes from the Fed’s last meeting due later in the day. 
     
  • USD/SEK trades 0.1 percent lower at 8.6302, having hit a low of 8.6101 on Tuesday, its lowest since May 2018.
     
  • Immediate resistance is located at 8.6756 (5-DMA), any close above could take it near 8.6855 (7-EMA).
     
  • On the lower side, support is seen at 8.6100, break below could take it till 8.6003.
  • Market Data
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