logo
  

Swiss Franc Strengthens Against Majors

The Swiss franc drifted higher against its major counterparts in European deals on Thursday.

The franc reversed from an early low of 102.90 against the Japanese yen, bouncing off to 104.30.

The Swiss franc climbed to a 2-week high of 0.9662 against the greenback, more than 4-week highs of 1.2614 against the pound and 1.0862 against the euro, off its early lows of 0.9741, 1.2707 and 1.0908, respectively.

If the franc extends gain, it may locate resistance around 106.00 against the yen, 0.99 against the greenback, 1.10 against the euro and 1.28 against the pound.

For comments and feedback contact: editorial@rttnews.com

Forex News

A busy week for economics saw the release of first quarter growth figures for the U.S. economy and the interest rate decision in Japan. Read our stories to find out why the GDP data damped market sentiment in the U.S. and what were the signals given out by the Bank of Japan. Other news this week included new home sales data and jobless claims figures from the U.S., and the latest purchasing managers' survey results for the Eurozone.

View More Videos
Follow RTT