Swiss Franc Rises Against Majors
25 July 2016 - 2:38PM
RTTF2
The Swiss franc strengthened against the other major currencies
in the early European session on Monday.
The Swiss franc rose to more than a 2-week high of 1.0827
against the euro, from an early low of 1.0846.
The Swiss franc advanced to 107.72 against the yen, from an
early low of 107.28. This may be compared to an early 4-day high of
107.90.
Against the U.S. dollar and the pound, the franc edged up to
0.9863 and 1.2957 from early lows of 0.9895 and 1.3003,
respectively.
If the franc extends its uptrend, it is likely to find
resistance around 1.06 against the euro, 112.00 against the yen,
0.95 against the greenback and 1.24 against the pound.
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