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Swiss Franc Slides Against Most Majors

The Swiss franc weakened against most major currencies ahead of European deals on Monday.

The Swiss franc fell to 1.5360 against the Pound, its lowest since August 2012. This may be compared to an early high of 1.5339.

Pulling away from early highs of 114.16 against the yen and 0.8938 against the U.S. dollar, the franc slipped to a 1-week low of 113.94 and a 2-week low of 0.8958, respectively.

If the franc extends its decline, it is likely to find support around 1.54 against the pound, 113.10 against the yen and 0.90 against the U.S. dollar.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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