FxWirePro: USD/DKK hits over 1-month peak as greenback gains following Fed policy meeting outcome
Thursday, September 17, 2020 10:58 AM UTC
- The Danish Krone plunged to an over 1-month low as the greenback rallied against a basket of currencies.
- The dollar index surged after the Federal Reserve kept interest rates near zero and said it expects the U.S. economic recovery from the coronavirus crisis to accelerate.
- USD/DKK is trading 0.2 percent higher at 6.3083, having hit high of 6.3380 earlier, its highest since August 12.
- Immediate resistance is located at 6.3440, close above could take it till 6.3590.
- On the downside, support is seen at 6.2805 and any break below will take it till 6.2712.