Swiss Franc Falls Against Majors

02:51, 29th May 2015

(RTTNews) - The Swiss franc weakened against the other major currencies ahead of European session on Friday.

The Swiss franc fell to 1.0350 against the euro and 130.95 against the yen, from early highs of 1.0313 and 131.45, respectively.

Pulling away from an early 10-day high of 1.4424 against the pound and a 4-day high of 0.9408 against the U.S. dollar, the Swiss franc dropped to 1.4492 and 0.9463, respectively.

If the Swiss franc extends its downtrend, it is likely to find support around 1.06 against the euro, 127.50 against the yen, 1.48 against the pound and 0.97 against the greenback.