FxWirePro: USD/DKK hovers 1-1/2 week trough, struggles to jump above 6.3000
Monday, September 14, 2020 7:39 AM UTC
- The Danish Krone nudged higher, extending gains for the fourth straight session, as the greenback slumped against a basket of currencies.
- The dollar index fell amid growing expectations of further monetary easing by the Federal Reserve at its two-day policy meeting.
- USD/DKK is trading 0.1 percent lower at 6.2754, having hit low of 6.2435 on Thursday, its lowest since September 2.
- Immediate resistance is located at 6.2978 (21-EMA), close above could take it till 6.3160.
- On the downside, support is seen at 6.2583 and any break below will take it till 6.2404.