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FxWirePro: USD/DKK hovers towards 1-month peak, struggles to break above 6.4000 

  • The Danish Krone plunged, hovering towards a 1-month low hit in the prior session as the greenback steadied against a basket of currencies. 
     
  • The dollar index steadied after rising to a 1-month peak in the previous session on data showing the U.S. economy grew at a record pace for the third quarter and an improving trend in jobless claims. 
     
  • U.S. gross domestic product rebounded at a 33.1 percent annualised rate last quarter, while 751,000 people in the United States filed for state unemployment benefits in the week ended Oct. 24, compared with 791,000 the previous period. 
     
  • USD/DKK is trading 0.1 percent higher at 6.3818, having hit high of 6.3910 on Thursday, its highest since September 28.
     
  • Immediate resistance is located at 6.4020, close above could take it till 6.4102. 
     
  • On the downside, support is seen at 6.3584 and any break below will take it till 6.3427 (55-EMA). 
  • Market Data
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