logo
  

Swiss Franc Falls Against Most Majors

Reversing direction, the Swiss franc declined against most major currencies in European morning deals on Thursday.

The franc fell back to 117.13 against the yen, edging closer to a 1-year low of 117.06 hit in the previous session.

The franc dropped to 1.0077 against the greenback and 1.4703 against the pound, off its early 2-day high of 1.0018 and a 3-day high of 1.4655, respectively.

If the franc weakens further, it may find support around 116.00 against the yen, 1.02 against the greenback and 1.50 against the pound.

For comments and feedback contact: editorial@rttnews.com

Forex News

Major central banks, led by the U.S. Fed, dominated the economics scene this week with some delivering histroic shifts. In the U.S., the Fed was in focus as Chair Jerome Powell announced the latest policy decision and forward guidance. In Asia, all eyes were on the Bank of Japan as markets waited to see if the central bank would exit its ultra loose monetary policy. Find out how the Swiss central bank gave a surprise in Europe and learn what is the path ahead for U.K. interest rates.

View More Videos
Follow RTT