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Swiss Franc Advances Against Most Majors

Reversing direction, the Swiss franc climbed against most major counterparts in early European trading on Wednesday.

The franc advanced to a 2-day high of 0.9918 against the greenback, off its early low of 0.9958.

The franc was trading higher at 105.05 against the Japanese yen and 1.2098 against the pound, up from previous lows of 104.62 and 1.2119, respectively.

If the franc extends gain, it may find resistance around 107.5 against the yen, 0.98 against the greenback and 1.196 against the pound.

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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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