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Swiss Franc Extends Fall Against Majors

The Swiss franc extended its early loss against the other major currencies in the early European session on Monday.

The Swiss franc fell to a 4-day low of 1.0815 against the euro, from an early high of 1.0770.

Against the pound, the U.S. dollar and the yen, the franc edged down to 1.4839, 0.9958 and 122.52 from early highs of 1.4772, 0.9906 and 121.95, respectively.

If the Swiss franc extends its downtrend, it is likely to find support around 1.09 against the euro, 1.50 against the pound, 1.02 against the greenback and 125.00 against the yen.

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