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Swiss Franc Off Early Highs Against Most Majors

The Swiss franc came off from its early highs against its most major counterparts in European trading on Friday.

The franc fell back to 1.0923 against the euro, heading to pierce more than 2-week low of 1.0924 hit at 6:45 pm ET. This may be compared to an early high of 1.0899.

The franc retreated to 0.9676 against the dollar, from its prior high of 0.9648.

The franc pared gains to 103.81 against the Japanese yen, following a high of 104.10 hit at 2:20 am ET.

The franc is likely to find support around 102.00 against the yen, 0.975 against the dollar and 1.10 against the euro.

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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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