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FxWirePro: USD/DKK consolidates above 6.300, investors eye next catalyst

  • The Danish Krone steadied after rising for two straight sessions, as the greenback held firm against a basket of currencies. 
     
  • The dollar index nudged higher, halting a 2-day losing streak after data released yesterday showed the number of Americans seeking unemployment benefits declined below one million for the first time since the start of the COVID-19 pandemic.
     
  • However, the upside in the dollar appears limited as politicians remain deadlocked over the next relief package.
     
  • Invetor risk sentiment slightly weakned after data showing the Danish economy contracted by 7.4 percent on quarter in the three months to June, following a 2.0 percent contraction in the previous period.
     
  • USD/DKK is trading 0.05 percent higher at 6.3072, having hit high of 6.3596 on Wednesday, its highest since August 3.
     
  • Immediate resistance is located at  6.3360, close above could take it till 6.3540. 
     
  • On the downside, support is seen at 6.2802 and any break below will take it till 6.2690. 
  • Market Data
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