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FxWirePro: USD/DKK near 1-week peak, jump till 6.3670 likely 

  • The Danish Krone declined to a near 1-week trough as the greenback surged across the board. 
     
  • The dollar index gained after President Trump signed a series of executive orders to extend unemployment benefits.
     
  • Investors appear to have ignored Denmark's upbeat economic data, showing annual inflation rate increased to 0.5 percent in July, the most since February, from 0.3 percent in the previous month. 
     
  • Separate report showed, trade surplus increased to DKK 7.9 billion in June from DKK 6.7 billion in the same month a year earlier, its largest trade surplus since March. 
     
  • USD/DKK is trading 0.3 percent higher at 6.3391, having hit high of 6.3394 earlier, its highest since August 4.
     
  • Immediate resistance is located at  6.3670, close above could take it till 6.3890. 
     
  • On the downside, support is seen at 6.3029 (5-DMA) and any break below will take it till 6.2802. 
  • Market Data
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