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FxWirePro: USD/SEK trims gains, struggles to break above 9.3261

  • The Swedish Krona eased, extending previous session losses, as the greenback steadied near 3-month lows.
     
  • The dollar index consolidated near multi-month lows, as investors now seek further clarity on U.S. monetary policy after the Fed’s two-day policy meeting ends on Wednesday. 
     
  • The greenback against a basket of currencies traded 0.1 percent higher at 96.80, having touched a low of 96.44 on Friday, its lowest since March 12.
     
  • USD/SEK trades 0.4 percent up at 9.2289, having hit a low of 9.1296 on Friday, its lowest since March 2019.
     
  • Immediate resistance is located at 9.3261, any close above could take it near 9.3646 (10-DMA).
     
  • On the lower side, support is seen at 9.1707, break below could take it till 9.1476.
  • Market Data
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