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Swiss Franc Climbs Against Most Majors

Erasing early slide, the Swiss currency advanced against most major opponents in early European deals on Monday.

The franc hit a 4-day high of 114.01 against the yen, near 2-week highs of 0.8897 against the dollar and 1.5240 versus the pound, off early lows of 113.47, 0.8931 and 1.5288, respectively. On the upside, the franc is likely to find resistance around 114.5 versus the yen, 0.885 against the greenback and 1.52 against the pound.

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Forex News

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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