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FxWirePro: USD/SEK hits 1-week low, minor support at 9.2700 

  • The Swedish Krona rallied to a 1-week peak as the greenback drifted further away from recent peaks. 
     
  • The greenback against a basket of currencies traded 0.2 percent lower at 97.87, having touched a high of 97.74 on Monday, its highest since June 2.
     
  • USD/SEK trades 0.6 percent down at 9.3003, having hit a high of 9.4799 on Friday, its highest since May 29.
     
  • Investors now await Swedish June business confidence, consumer confidence and consumer inflation expectations figures due tomorrow for further clues on the direction of the pair. 
     
  • Immediate resistance is located at 9.4225, any close above could take it near 9.4475.
     
  • On the lower side, support is seen at 9.2697, break below could take it till 9.2436.
  • Market Data
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