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FxWirePro: USD/DKK at 2-month peak, finds minor support at 55-EMA 

  • The Danish Krone declined to a 2-month low as the greenback rallied to fresh peaks.
     
  • The dollar index surged to a more than 8-week high as signs of an economic slowdown in Europe and the United States revived concerns about the fallout from a second wave of COVID-19 infections.
     
  • Meanwhile, the Federal Reserve’s warned that the U.S. economy needs more fiscal stimulus.
     
  • The greenback against a basket of currencies traded 0.2 percent up at 94.54, having touched a high of 94.55 earlier, its highest since July 24. 
     
  • USD/DKK is trading 0.2 percent higher at 6.3970, having hit high of 6.3978 earlier, its highest since July 24.
     
  • 55-EMA is now acting as minor suport. 
     
  • Immediate resistance is located at  6.4000 / 6.4095, close above could take it till 6.4180. 
     
  • On the downside, support is seen at 6.3668 (55-EMA) / 6.3561, and any break below will take it till 6.3454. 
  • Market Data
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