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FxWirePro: USD/SEK scales to 2-1/2 month peak as dollar rallies on economic concerns

  • The Swedish Krona plunged to a 2-1/2 month low as the greenback surged across the board. 
     
  • The dollar index advanced as investors sought its safe-haven appeal on growing concerns over the resilience of an economic recovery in the United States and Europe. 
     
  • USD/SEK trades 1.1 percent higher at 9.1040, having hit a high of 9.1043 earlier in the session, its highest since July 16.
     
  • Markets now await Swedish PPI and household lending growth figures for signs of recovey in the econony. 
     
  • Immediate resistance is located at 9.1377, any close above could take it near 9.1591. 
     
  • On the lower side, support is seen at 8.9571, break below could take it till 8.9240. 
  • Market Data
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