US Dollar extends advance but stalls near 159.50

US Dollar extends advance but stalls near 159.50

USD/JPY registers back-to-back bullish days on Wednesday after testing key support at the 20-day Simple Moving Average (SMA) around 158.24 on Monday, yet it remains shy of clearing the key weekly high of 159.65 hit on Monday. At the time of writing, the pair trades at 159.27, up 0.36%. USD/JPY Price Forecast: Technical Outlook The […]

Government formation faces prolonged negotiations – Nordea

Government formation faces prolonged negotiations – Nordea

Nordea’s Group Chief Economist Helge J. Pedersen notes that the Danish parliamentary election has produced a highly fragmented Folketing, with 12 parties entering parliament and no majority for either the red or blue bloc. The Moderates, led by Lars Løkke Rasmussen, now hold the balance of power. Pedersen highlights that complex negotiations could delay forming […]