logo
  

Swiss Franc Strengthens Against Most Majors

Reversing direction, the Swiss franc climbed against its most major counterparts in early European deals on Tuesday.

The franc advanced to a 4-day high of 1.0874 against the euro, moving off from its previous 4-day low of 1.0912.

The franc edged up to 0.9661 against the dollar and 1.2540 against the pound, off its early low of 0.9705 and a 4-day low of 1.2616, respectively.

If the franc extends rise, it may find resistance around 0.94 against the dollar, 1.24 against the pound and 1.06 against the euro.

For comments and feedback contact: editorial@rttnews.com

Forex News

First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

View More Videos
Follow RTT