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Swiss Franc Falls Against Majors

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

The Swiss franc fell to a 3-day high of 0.9959 against the U.S. dollar, from yesterday's closing value of 0.9933.

Against the euro, the pound and the yen, the franc dropped to 1.0719, 1.2442 and 111.73 from yesterday's closing quotes of 1.0711, 1.2434 and 111.66, respectively.

If the franc extends its downtrend, it is likely to find support around 1.01 against the greenback, 1.08 against the euro, 1.27 against the pound and 110.00 against the yen.

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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.

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