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FxWirePro: USD/SEK retreats from 2-year trough, faces resistance at 8.8000

  • The Swedish Krona declined, hovering away from a 2-year peak as the dollar edged up against a basket of currencies.
     
  • The dollar index nudged higher after U.S. lawmakers said they had made progress in talks on a new coronavirus relief bill.  
         
  • USD/SEK trades 0.2 percent higher at 8.7625, having hit a low of 8.6397 on Friday, its lowest since June 2018.
     
  • Immediate resistance is located at 8.7967, any close above could take it near 8.8461.
     
  • On the lower side, support is seen at 8.7103, break below could take it till 8.6767. 
  • Market Data
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