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Swiss Franc Slides Against Majors

The Swiss franc weakened against the other major currencies in the European session on Friday.

The Swiss franc fell to 4-day lows of 1.4840 against the pound and 0.9789 against the U.S. dollar, from early highs of 1.4776 and 0.9762, respectively.

Against the euro and the yen, the franc dropped to 1.0909 and 122.93 from early highs of 1.0909 and 122.93, respectively.

If the Swiss franc extends its downtrend, it is likely to find support around 1.50 against the pound, 0.99 against the greenback, 1.10 against the euro and 121.00 against the yen.

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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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