Swiss Franc Extends Decline On Suspected SNB Intervention
January 29 2015 - 6:24AM
RTTF2
The Swiss franc continued to trade lower against its major
rivals on Thursday's European deals, amid market rumors of the
Swiss National Bank's intervention in the forex market.
The franc slipped to 2-week lows of 0.9239 against the
greenback, 127.55 against the yen and 1.3977 against the pound,
compared to Wednesday's closing values of 0.9045, 129.70 and
1.3693, respectively.
The franc hit a 2-week low of 1.0446 against the euro, off early
high of 1.0203.
The franc is likely to find support around 0.93 against the
greenback, 1.42 against the pound, 122.00 against the yen and 1.2
against the euro.
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