Swiss Franc Extends Fall Against Majors
January 27 2015 - 05:12AM
RTTF2
The Swiss franc extended its fall against the other major
currencies in the early European session on Tuesday.
The Swiss franc fell to nearly 2-week lows of 1.0380 against the
euro and 1.3846 against the pound, from early highs of 1.0117 and
1.3579, respectively.
Against the U.S. dollar and the yen, the franc dropped to near
2-weeks lows of 112.83 and 128.76, from early highs of 0.9001 and
131.65, respectively.
If the Swiss franc extends its downtrend, it is likely to find
support around 1.21 against the euro, 1.55 against the pound, 1.02
against the greenback and 112.83 against the yen.
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