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Forex News: Swiss Franc Advances Against Majors

Swiss Franc Advances Against Majors

08/28/2017 - 05:26:00 (RTTNews)

(RTTNews) - The Swiss franc climbed against its major opponents in early European deals on Monday.

The franc that closed Friday's trading at 1.2308 against the pound advanced to a 5-week high of 1.2292.

The franc hit near a 4-week high of 114.59 against the yen, off its early low of 113.97.

The franc advanced to 0.9530 versus the greenback, its highest since July 27. This may be compared to a low of 0.9578 hit at 11:30 pm ET.

The franc reversed from an early 5-day low of 1.1422 against the euro, edging up to 1.1369.

The next possible resistance for the franc is seen around 1.21 against the pound, 116.00 against the yen, 0.93 against the greenback and 1.10 against the euro.

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