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FxWirePro: USD/DKK near 3-month low, outlook remains bearish

  • The Danish Krone rallied to a near 3-month peak as the greenback plunged across the board.
     
  • The dollar index declined as investors awaited U.S. employment data due later in the day, which is expected to show nonfarm payrolls fell by 8 million in May after a record 20.537 million plunge in April. 
     
  • USD/DKK is trading 0.1 percent down at 6.5752, having hit low of 6.5495 earlier in the day, its lowest since March 10.
     
  • Immediate resistance is located at  6.5927, close above could take it till 6.6068. 
     
  • On the downside, support is seen at 6.5424, and any break below will take it till 6.5335. 
  • Market Data
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