FxWirePro: USD/SEK retreats from multi-month lows as greenback trims losses
Friday, June 5, 2020 11:54 AM UTC
- The Swedish Krona retreated after rising to an over 1-year peak as the greenback attempted a minor recovery against a basket of currencies.
- The dollar index steadied after tumbling to a near 3-month low earlier in the session.
- USD/SEK trades 0.1 percent up at 9.1920, having hit a low of 9.1296 earlier, its lowest since March 2019.
- Immediate resistance is located at 9.2688, any close above could take it near 9.3121.
- On the lower side, support is seen at 9.1127, break below could take it till 9.0894.