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Swiss Franc Rises Against Majors

The Swiss franc strengthened against the other major currencies in the early European session on Tuesday.

The Swiss franc rose to more than an 8-month high of 0.9444 against the U.S. dollar and nearly a 2-week high of 1.3914 against the pound, from early lows of 0.9554 and 1.4040, respectively,

Against the yen, the franc advanced to a 4-day high of 111.81 from an early low of 110.93.

The franc climbed to a 4-day high of 1.0959 against the euro, from an early near 2-month low of 1.1016.

If the Swiss franc extends its uptrend, it is likely to find resistance around 0.92 against the greenback, 1.37 against the pound, 115.00 against the yen and 1.08 against the euro.

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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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