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FxWirePro: USD/SEK rebounds from 1-1/2 month low, finds support at 8.7000

  • The Swedish Krona declined after rising to an over 1-1/2 month peak in the prior session as the dollar bounced back across the board. 
     
  • The greenback rose after House Speaker Nancy Pelosi said before starting talks with Treasury Secretary Steven Mnuchin that there was still a chance for a deal despite resistance from Senate Republicans, though she acknowledged it might not pass until after the election.
     
  • The greenback against a basket of currencies traded 0.3 percent up at 92.90, having touched a low of 92.47 on Wednesday, its lowest since September 2. 
     
  • Investors now turn their attention to the final U.S. presidential debate between Trump and Democrat rival Joe Biden, and weekly U.S. jobless claims due later in the day.
     
  • USD/SEK trades 0.7 percent higher at 8.7769, having hit a low of 8.7012 on Wednesday, its lowest since September 10.
     
  • Immediate resistance is located at 8.8295, any close above could take it above 8.8408. 
     
  • On the lower side, support is seen at 8.6843, break below could take it till 8.6631. 
  • Market Data
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