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Swiss Franc Rises Against Majors

The Swiss franc strengthened against the other major currencies in the early European session on Tuesday.

The Swiss franc rose to a 4-day high of 1.0433 against the euro, from an early low of 1.0464.

Against the pound, the Swiss franc advanced to 1.4674 from an early low of 1.4748.

Pulling away from an early near 1-1/2-month low of 0.9531 against the U.S. dollar and a 4-day low of 129.45 against the yen, the Swiss franc edged up to 0.9488 and 130.14, respectively.

If the Swiss franc extends its uptrend, it is likely to find resistance around 1.03 against the euro, 1.44 against the pound, 0.91 against the greenback and 134.00 against the yen.

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Forex News

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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