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Swiss Franc Strengthens Against Most Majors

The Swiss franc erased its early losses against most major opponents and climbed in European trading on Wednesday.

The Swiss franc reversed from an early low of 1.2734 against the pound and was trading higher at 1.2688.

The franc advanced to a 4-week high of 1.0880 against the euro and a 5-day high of 0.9757 against the dollar, off its early low of 1.0924 and a 2-day low of 0.9814, respectively.

The franc is seen finding resistance around 1.24 against the pound, 0.95 against the dollar and 1.06 against the euro.

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